Tuesday, August 24, 2010

Should we get money from the US bailout to pay our mortgages off?

I know the USA runs off of credit.*but* If we where to take part of the bail-out money available and pay off low-end mortgages and middle-class mortgages in the USA(within a certain range and cap, basically non-luxury), we would have all that monthly money to boost the economy by buying things and still have a house and get rid of foreclosures that exist right now. The USA would be a better, safer place to live right now. That would be change...How about that Obama?Should we get money from the US bailout to pay our mortgages off?
That would be so random and unfair to those just over the cut off and especially unfair to those who rent!





Would those poor and middle class people who have 200k in a mortgage for an expensive house get given 200k and then be able to sell the house and get that 200k back while someone who bought a house they could afford at only 70k only get only the 70k?Should we get money from the US bailout to pay our mortgages off?
Are not the bailout funds loaned to recipients? Paying off mortgages with borrowed funds may not give the boost you expect.
Absolutely, and how about two new cars for the garage

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