Unjust Numbers

In You Do The Math, I wrote about our governments attempt in making marginal improvements to U. S. home ownership at a tremendous cost to the taxpayer. Now comes a report out this week from the Treasury Department that only 4% of homeowners who have applied to the government for help with their mortgages have been accepted into the program. 759,058 applied and only 31,382 will receive permanent help in modifying their loans. According to UPI.com, another 30,650 were rejected summarily for "late payments, too little income, or failure to do paperwork." Ironically, these are the same reasons those same individuals shouldn't have received their troublesome mortgages in the first place. So what's happening with the other 700,000 applicants? Rest assured, the U. S. Treasury has $75 billion to spend on the program so I"m quite comfortable that many of these peoples' dreams will come true.

Speaking of nightmares, both Senator Reid and Speaker Pelosi want some version of Obamacare passed by Christmas. Nancy Pelosi has suggested that passage of such will equate to a "present" for America. That made me think of the Bobby Gaylor song, Stop Giving Me Crap For Christmas. Who else hopes that Nancy, Harry, or Barack aren't our secret Santa? By the way, as of July 2008, there were 304,059,724 people living in America, and despite a clear majority of Americans opposed to Obamacare less than 300 will decide whether we get it or not. That seems fair.

Note to Readers: I will be taking a few days off so don't expect any new posts until next week sometime. Thanks for your patronage.