Housing Foreclosures and the Poor
MSNBC, as usual, always has interesting stories on the sad state of housing. Today was no different with their story titled “Will Housing Bust Trickle Down to Poor, Hungry?” It’s a good read for those keeping an eye of the effect of the housing problem.
This latest story from MSNBC describes how the housing and financial markets may influence donations to charities. The story notes that Federal contributions to feed the hungry have actually been reduced by 50% since 2004.
There are a good number of people that cry socialism when they hear talk of a national health care system. But you never hear people screaming about socialism when the government is responsible for feeding its citizens.
The problem in today’s society is that too many people believe government should do everything for them. And I have sad news for these people… The government can’t even do the basic jobs we elected them to do, so how can you expect them to do more? Throwing tax dollars at such an inefficient government can do only one thing - waste more of our money.
This housing problem could have been headed off well before it became such a large issue. Our government should have been monitoring these sub-prime loans from the day they were created. Our government should have read the fine print on these loans to safeguard not only the borrowers, but our country’s economic future. Federal agencies like the US Department of Housing and Urban Development have a responsibility to the citizens of this country. Instead, they are too busy taking care of yesterday’s mistakes (Hurricane Katrina, etc.).
Unfortunately, the debt this country has amassed is largely held by foreign nations. Just yesterday, Iranian President Mahmoud Ahmadinejad called the American dollar a “worthless piece of paper.” He and Venezuelan President Hugo Chavez are both in agreement on this. Granted, these two leaders are seen as cruel dictators, but the fact is they do produce oil and they brought up some valid points. Why trade oil for American dollars when the value of such currency is plummeting?
The housing problem is an immediate threat to many families on the brink of foreclosure. Should the government help them? In some cases, I believe they should. But then again, our government is failing in many other areas. Do we help those people out too?
The only way out of this problem is for the citizens to demand that our elected officials do their jobs. If they don’t do their jobs, they need to be removed from office. The time of career politicians getting paid to do nothing but run this country in the ground needs to end.
















