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Combating unemployment
Combating unemployment
Solutions to foreclosure problems
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Foreclosure is a growing national disaster in the United States. Every time you tune in to your local news, there is a new family whose house is being foreclosed. Every time you ride around the neighborhood, there is another house up for sale. There are several solutions to this increasing trend including cutting government spending and cutting funds towards unsuccessful government programs, devising financial plans to assist families by setting up payment plans that they can afford, getting communities more involved, more stimulus packages, raising the taxes of the wealthy to lower rates, and easing the limits on section eight housing.
Cutting government spending and cutting funding to the government programs that are unsuccessful would solve a tiny piece of the puzzle. Cutting these programs would save essential money that can go towards building new housing projects or funding more programs that could possibly lower rates for the families that cannot seem to get by in this bad economy. Money spent on building unnecessary statues and gardens like those consistently being built to beautiful parks and other attractions can go towards more homes and roads that lead to them.
If more financial solutions were available to families, they would have more options to choose from and lower rates because of competition between the different companies. Competition is the strongest factor between quality and cost. If a new company specializing in helping families afford their rent or mortgage payments develops, they will offer solutions cheaper than the other companies currently in the market. This could also lead to more affordable plans for low-income families because most of the financial plans set in play require over thirty percent ...
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...mportant things such as this in order to fund the building of new houses. If enough houses were built to satisfy the demand, the waiting list could cease to exist. Soon as a family was approved for section eight, they would be working towards getting themselves out of debt and getting back on their own two feet.
Foreclosure is not a problem that can be solved with a calculator or graph. It will take years and loads of hope to overcome this matter. Lending a helping hand can make all the difference between being homeless and living in a stable home. More money can always make a situation better if it was spent the right way. If communities stick together and government limitations are eased, this epidemic will someday be stopped in its tracks. It will not happen overnight but if these solutions are put into action, it might not be far away from becoming a reality.
In conclusion, we have determined that the housing crisis that the United States faces today is a huge problem. We have discussed the striking similarities between the Great Depression in the 1920s and 1930s and today's problem. And I have presented my solution to the problem and how I think it should be prevented in the future.
Many families and people have become too dependent on food stamps. “Critics of food stamps and government spending, however, argue that too many families have become dependent on government aid.”(NoteCard #1) But if they did not have this program people would go hungry. “11.9 million people went hungry in the United States”... “that included nearly 700,000 children, up more than 50% from the year before.”(NoteCard #2, Point 2) The program does good and helps people but it also spends a lot of money to get people food stamps. “..food-stamp recipients has soared to 44 million from 26 million in 2007, and the costa have more than doubled to $77 billion from $33 billion.”(NoteCard #5) But in the end, is it worth it? People need the assistance. It does help people from going hungry and keeps them at least with a little food in their stomach to that keeps them from starving. A lot of people who could not get jobs, were eligible for the program because they did not have a source of income. “Critics of food stamps and government spending, however, argue that too many families have become dependent on government aid.”(NoteCard #1) Since not everyone could get work, the government changed the requirements and it went for the better and for the
Since poverty affects a wide array of people, poverty has evolved into a very complex issue. And even though the government has passed legislature to try to ameliorate the situation, many of these means-tested measures like food stamps, have only been able to help the surface of poverty and fails to rip out the long roots poverty has grown throughout history. Poverty’s deep effects are seen especially in minorities as they struggle much more to leave a current situation that has been created by historical process. Even though government assistance like food stamps do help alleviate some of poverty’s burden, these measures fail to recognize the reality that many of the impoverished minority have undervalued homes or no homes at all and even if they can rent, that rent can be high enough to take up more than fifty-percent of their paychecks. Overall, poverty in America is a vastly complicated issue rooted throughout history. And even though the government has attempted to pass legislature to help provide relief from poverty, America still has yet to provide measures that target the roots of poverty and until then, the government assistance it does provide will only be superficial and fail to provide long-term solutions to a complicated
... funding and direction, including those of local government and philanthropy, are critical to tailoring programs to the specific needs of local communities, and should be leveraged through federal funding. The final ingredient is responsibility, both personal and collective. Individuals must be empowered to improve their own lives, and the community must support the effort rather than look the other way, or looking past the working poor, who can so easily blend into the background.
Terner presents the beginning of a solution to the affordable housing problem in his article Affordable Housing: An Impossible Dream? in The Commonwealth, published June 1994. His company founded from an anonymous $600,000 donation is a non-profit organization that builds quality, affordable housing for low-income families. Its effects, however, are limited. One project just opened in San Francisco with 3,000 applicants and 108 acceptances, which can be looked at as pretty dismal statistics. “This is just a drop in the bucket,” writes Terner, ‘the real question is how to expand and replicate.” (Terner, p. 392) It is this expansion that the bulk of the article argues for. Terner values a fair chance for all citizens at the “American Dream” and this chance involves the whole community. Terner mentions the “NIMBY” syndrome, or Not-In-My-Back-Yard Syndrome, where communities support the concept of affordable housing, but none that are to be built in their community. Ideally one could turn to the government for help with problems such as housing, but National, State, and local governments have proven themselves to be ...
To solve the foreclosure crisis we must take a multi-pronged approach that tackles the issues making the situation worse and that caused the problems in the first place. Our goal is to do this in an efficient and time conscious manner. Any solution is going to have its positive and negative aspects but we must try to maximize the former and minimize the latter.
The solution require strong government action and the help of private enterprises. The government can help by building low cost housing for poor people. Veterans need jobs when they return from serving for their country. The government can help with job training. Businesses can help by making the hiring of vets a priority. We also need more centers for treating drug addicts and alcoholics.
Therefore, the supply of housing that is affordable and accessible to low income people should be increased. Plus assistance that allows people to reach adequate stability should be regarded as a good investment in a productive society, in order to attain our objective. First we could start by introducing more productive assistance programs that actually focus on helping those in need of housing assistance. These programs will analyze how long people are homeless, what are their needs, the causes of homelessness, and in all how many are currently without a home. Subsequently, the City of Austin would begin building affordable housing according to the amount necessary.
The government should provide more services to combat poverty. During the Great Depression during the 1930s, Franklin D. Roosevelt created the New Deal to provide relief. These services helped a lot of people in poverty. The programs of the New Deal were successful because by 1940, “the economy was roaring back to life with a surge in defense-industry production” (FDR creates the WPA).One of the services that the government offers to prevent poverty and homelessness is the Affordable Housing Trust Fund. This program generates housing affordable to very low and low- income residents of Los Angeles. This program doesn’t really help because “Los Angeles has become a City where rental and for-sale housing is well beyond the reach of the working poor as well as moderate-income residents, which results in increased overcrowding and little disposable income for the other neces...
The money was cut from programs that assisted the poor, such as: Children’s Health Insurance Program and food stamps. I believe the lack of assistance programs, such as the aforementioned programs; have effectively increased poverty percentage nationwide. These programs benefit many families in poverty as providing food at low cost and insurance for the children. Other programs similar to those that provided housing for families in poverty, were also cut drastically, thus increasing the difficulty for individuals seeking to qualify for said programs. What, then, can be done differently to reduce the amount of poverty in Texas? Revenue should be increased through tourism and re-distribute its income towards industries. Texas has always been a state of tourism; many tourists come to see the river walk, the Alamo, as well as the other major cities in this State. Along with tourists, Texas has the capabilities and natural resources to attract businesses to this state. It is important to attract development and jobs to Texas, as it will benefit the state economically, while also provide more jobs and open doors to those people struggling in poverty. Increasing the industrialization of Texas may be the beginning to effectively decrease the poverty
To achieve the American dream is a great accomplishment that requires financial adequacy. Due to financial insufficiencies, owning a home can be difficult, if not impossible for many individuals of lower income. Economic fluctuations often cause inconsistency in housing prices and availability.3 The price of a home correlates to the cost and availability of materials, needed manpower and the duration of construction. These logistical obstacles need to be overcome if the American dream is to be attained by the majority.4 To engineer a faster, more cost effective means of production is a challenge, but for the solution to be well designed and well crafted is a far greater task.
...e that these three solutions can be a main source into helping those in need for desperate help financially. I also feel that these plans can be a major part in developing a better economy and society for the “slum” and middle class communities. It will uplift many neighborhoods and people and to show that we can do something about this problem. Instead of us sitting and looking at the problem getting worse, we have to attend to the problem at hand.
New businesses will take longer to thrive with the United States falling economy. The faltering job market and the deepening slump in housing threaten to hurt consumer spending. Consumers are becoming more conscious of their spending and therefore using cash to pay for smaller necessary purchases. The cost of entertainment and other presumed luxuries may be pushed to the background by most families, when having to choose whether to pay for a bill or treat the family out. Thriving businesses will understand the need to provide a service or product at affordable prices.
Credit card interest rates need to drop so mortgages can get back to where they were. It is more expensive for the people, but it would compensate for credit cards. The foreclosure crisis has no simple solution since so many things affect it, but fixing each thing one by one will help. Incentives for people to buy are fantastic ideas. The $8,000 tax credit for first time homeowners is a good start.
This nation has a problem: more of its citizens rely on the federal government for help than to support themselves with a full time job. Poverty has many negative effects on the people who suffer from it and on the economy. Everyone needs to be made aware of poverty and the many negative effects it has on people. There are things that could be done to help reduce the amount of people that are in poverty. Reducing poverty would decrease health risks, strengthen the middle class, and help the democracy.