This would fill the coffers of the banks, save those who are losing their homes by giving them a chance to get ahead, and give back tax dollars taken from Americans instead of giving money away to privately owned businesses and banks.
- Advertisement -
It is likely the owners of the more expensive houses who have higher notes have paid more taxes over the years, so it is a fair way to get our money into the system and yet keep it for ourselves.
Each home owner could decide whether he would just continue paying on his home loan, take a sabbatical from paying the house payment to get caught up on his credit cards, and other expenses, or perhaps finally find time to finish a college degree (which he will now be able to have time for and money to afford).
We might also look into a rebate for the American who owns his home free and clear just to make sure every homeowner gets their fair share of the tax dollars they paid in the past.
This could be done in record time and the American people would regain faith in Congress and the Administration. All Americans are wondering if anyone on Capitol Hill gives a damn about those of us who pay the bills of this country..
With so much money available to John Q. Public and the financial institutions, just watch the economy take off.