Another billion in free money for homeowners who can’t pay their mortgage

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The Obama administration is offering another billion in free money to homeowners who can’t pay their mortgage.

So, considering the trillions in debt that is overwhelming the budget of the federal government, I wonder where is billion dollars coming from. Do they grow it on trees? I’d really like to know, since it would be nice if I could manufacture cash out of thin air as easily whenever I thought I needed it.



  • John M. Egan

    Is this a great country or what?

  • BSJ

    In a way, it’s not as bad as it seems. My wife works for a non-profit housing trust so I know how the previous programs have worked out. Or in fact, not worked out. Most of the home owners that “should” be helped, don’t even qualify.

    The programs are just political lip service. They get to claim they made X number of million of dollars available, but no one can qualify so the money never gets spent. And just talking to the person to tell them that they don’t qualify counts as “helping” according to the reporting requirements…

    And like the article says, those that get into the program often end up worse off!

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