Federal Taxpayers Forced to Pay California Mortgages
The cost of housing has shot into the stratosphere in California, largely because of repressive regulations imposed on behalf of radical environmentalists. Fortunately for Californians who have voted themselves into this mess by electing Democrats, federal taxpayers have been conscripted to help them pay their mortgages:
The U.S. Department of Treasury on Monday backed [California Governor Gavin] Newsom’s $1 billion mortgage relief grant program, clearing the way for its launch in just a few weeks. The governor estimates that between 20,000 to 40,000 California homeowners could benefit from the program, dubbed the California Mortgage Relief Program.
Having won elections at the national level means Democrats can redistribute wealth from parts of the country where they are not popular to parts where they are.
The program will fully cover overdue housing payments of up to $80,000 per household.
Typical of the latest welfare programs, recipients don’t even need to be poor. They can earn up to 100% of the Area Median Income for their county — which in some California counties is plenty.
The program comes after thousands of Californians were pushed out of a job and a paycheck during the pandemic.
There you have it: Big Government in a nutshell. It breaks your leg, then forces someone else to buy you a crutch.
On a tip from R F.
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