Mortgage Payment Giveaways

E-mail to Congress:

I heard on TV about the Administration's proposal of a $50,000 interest-free loan for people unemployed and unable to meet their home mortgage payments. I believe it is supposed to be for five years.

It sounds to me like another vote-buying technique of Obama and his Democratic-Socialist cohorts. I believe if I were unemployed and could not meet my mortgage payments, I would likely vote Democratic to be sure that this $50,000 "grant" goes through.

What is unemployment insurance for? You folks in Congress have at least once voted to extend the payment period. I thought that was supposed to tide people over until they could get jobs and/or or revise their financial positions by generally reducing expenses.

What happens at the end of five years when most of these people are unable to repay the $50,000 loan? Extend it for another five years? Since many of then would have then had five years of training on a $10,000 per year subsidy on their living expenses, they will certainly be unable to continue without the subsidy. Are you planning another $50,000 interest-free loan/grant?

It is my understanding that all government spending must be approved by the House and Senate. Do you and your associates plan to support this program by allocating funds? If you do, you may pick up a few socialist votes, but I know you will lose mine and probably quite a few others. Or perhaps, the House and Senate have may have already signed enough blank checks, such that the Administration doesn't even need your approval and additional funding. I'm not up on all the details of the financial maneuverings. I suppose you'll have to decide about that.

This is likely a good topic to concentrate on, as opposed to considering whether we should be celebrating a National Bulgarian day.