Do you think that US economic stimulus plan should give money to people to pay for their houses?
My personal preference is that the economic stimulus should go to pay off peoples houses, starting at the lowest and working up from there. Sorry, those with million dollar mortgages might not see any relief, but then, maybe you shouldn’t have bought million dollar house. In my area, there are too many that bought too much house on the salaries they were making with little or not back-up in place. My own family members are guilt of this and have since lost their job as well. And I’m not talking second mortgages, home equity loans, etc., just primary mortgages. Once these people no longer have a house to pay for, they will be buying things and spending their money. Healthcare might become a little more affordable for them.
Absolutely! Give the money to the people who need it the most– not to government programs, unions, and special interest groups. With the extra money, people can avoid foreclosure, businesses will grow, more people can get out of debt, and people will gain confidence. Only the people can stimulate the economy– not the government.
