Because it’s a quarter-million dollars, and those of us living on $30K or less could sure as hell figure out how to live on it.
I don’t know if y’all have heard about playwright/screenwriter David Mamet’s conversion to wingnuttism, grounded in his resentment about paying taxes.
It’s very hard to raise girls in an insane world. Even if you don’t buy that crap for your daughters, oblivious relatives and friends will.
What Digby said. How do you hand over so much of your decision-making ability to people who are so patently wrong? How do you rationalize doubling down on those policies when they cause so many people so much pain?
And how can we rationalize voting for someone who was so very, very wrong — and still insists this is the right approach?
My dad trained us to do this. I’ve had people make fun of me for it, but it’s a good fire safety habit.
It’s about damn time. “Implementation delays”? Doesn’t sound like it was enough of a priority. Think of all the pain that could have been avoided:
Sandra Allwine has been pleading with her bank for more than two years to modify the mortgage on her Arlington County home. Despite exhausting all her savings and having her daughter move in to help with her $3,000 mortgage payment, Allwine, 65 and unable to find work, is struggling to save her home from foreclosure.
In June, a potential lifeline opened up. The newly launched $1 billion Emergency Homeowners’ Loan Program, or EHLP, is targeting homeowners who are among the most difficult to help: those who fell behind on their payments because of job loss or unexpected medical bills. For many of them, it might be the last chance to save their homes.
“We were normal middle-class Americans who had saved and lived very carefully and frugally . . . and still wound up getting kicked in the teeth,” Allwine said. She applied as soon as she heard about the program.
If she is approved, the government will subsidize Allwine’s mortgage payments for a maximum of $50,000 over two years. After that, the interest-free loan will be forgiven over five years if she stays in her home and stays current on her payments.
EHLP is the latest government program targeting the nearly 1.8 million homeowners like Allwine facing foreclosure. It is going to have to move fast: The program was supposed to start last year, but implementation delays mean that the Department of Housing and Urban Development must spend all its $1 billion by the end of the federal government’s fiscal year, Sept. 30.
That gives homeowners in 27 states, including Virginia, until July 22 to complete their applications. If demand outstrips available funds, HUD will run a lottery to pick successful applicants. Five additional states, including Maryland, are subject to slightly different rules, which gave them more time to spend the funds, because they started taking EHLP applications earlier under similar state-run programs.
The Wall Street Journal, which is frequently full of shit, constructs an argument blaming it on the last increase in the minimum wage. Apparently now that they are a Murdoch publication, facts are optional.