Is Obama crazy. He is rewarding and penalizing success. He's crazy.What kind of relief does someone get if they pay their mortgage on time and did not take big risks?
It looks like an attempt to stabilize the housing market, but I agree that mortgage relief is just penalizing the fiscally conservative and rewarding the irresponsible.
We rent, and this plan just puts buying a home a little further out of reach by keeping the housing market inflated. A wave of foreclosures would be bad for a short period, but would end with a stabilized market and more realistic home prices.What kind of relief does someone get if they pay their mortgage on time and did not take big risks?
We get to pay higher taxes to go to those who didn't. I agree with your comment except I don't think Obama is crazy, he knows exactly what he's doing and where he is steering this country.
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