During a time of economic crisis, the news is full of story after story of companies closing, people losing their jobs, or the foreclosure rate going up. It can be upsetting to listen to, so why not just turn the channel? The news can seem impersonal when talking about a national crisis and is easy to tune out. Citizens think that they can simply ignore this crisis until a man from the bank comes knocking on their door with a notice of eviction. The truth is that in this economy, very few have absolute job security and anyone’s circumstances can change in an instant. With an increasing number of Americans not having job security, they no longer have security in their homes. What was intended to be the American Dream now comes with constant worry that it will all be lost with one missed mortgage payment.
According to the National Foreclosure Ticker at www.responsiblelending.org, there is a foreclosure in this country every 13 seconds. That is 6,600 a day and is a total of about 2.4 million foreclosures if this trend were to continue for a year. Multiple articles show that there are no signs of this foreclosure rate decreasing.
One of the many reasons that this foreclosure crisis that America now faces is so urgent is that it has a snowball affect that effects so much more than people losing their homes. One of these affects is a never-ending recession. The attitude that our government seems to have adopted is that the United States must spend its way out of the recession. This is clear from the hundreds of billions spent in the stimulus bill. The government cannot be the only one spending money to get out of the recession. It will take money spent by the citizens as well. With people losing their homes, their ability to s...
... middle of paper ...
...t a perfect time because when the government stops paying will be when the recession is over. When the recession is over, there will be jobs out there and these people will be able to pay their mortgages.
Admittedly, this plan will not completely stop foreclosures. That is an impossible task. This plan targets to reduce foreclosures significantly so that the majority of those in danger of a home foreclosure will be saved and so that the other effects of foreclosures will not continue or worsen, leading to economic stability.
In this time of economic turmoil, citizens of the Unites States of America do not have stability in their jobs. They need stability in their homes. They need to come home from a day at the job or a day looking for a job and know that at least their home will not be taken from them too. That is exactly what this plan would accomplish.
There is, I believe, no easy way to solve the foreclosure crisis. The reason for this is that the underlying problem is not merely the individual foreclosures. The underlying problem isn’t even all of the foreclosures as a whole which constitute the crisis. No, the real underlying problem is ultimately human greed. Consequently, the way to solve the foreclosure crisis, I believe, is not merely through some kind of “stimulus plan.” Yet, this matter shall be examined more thoroughly later.
While this concept is a good one, it's not absolutely flawless. There are many wrinkles that indeed need to be ironed out. However, is a good starting block and something that could potentially change the country and how it operates? Whether this plan should actually be utilized or not, is not the question. The question is, what is involved with it, and how does a benefit our country? While I have talked about social security, it is not quite know exactly how that would be funded. Big businesses are another concern in this concept. How will big businesses be taxed under the implementation of this plan? The main objective to this plan still stands tall; it eliminates confusion, taxes everybody, and creates an organized government that we could all be proud of.
Barack Obama reads a speech in Las Vegas that has a four part plan for “common sense” comprehensive immigration reform proposal states strength borders, seek companies that hire undocumented workers Third, require undocumented workers to pay their taxes and a penalty, move to the back of the line, learn English, and pass background checks. Lastly, streamline the legal immigration system for families, workers, and employer” (Reuters 2013) An example of a bill provision would be of immigrants who want to change their status from illegal to legal would have to demonstrate an understanding of English. Obama is essentially letting the public know that if they get their comprehensive plan through congress will sign it, but if Congress refuses to act he will send his own bill and expect a vote on it. It’s evident that undocumented workers will boost the economy on several accounts. For example, undocumented workers do not invest in any big tickets like houses and property, as they fu...
In essence, the problem leading to the foreclosure crisis is the recent decrease in people’s ability to make their loan payments due to job loss and lower wages brought on by the economy’s weak state. Rather than throw billions of dollars at big banks in the hope that they find ways to help the homeowners’ loans, the government should attack the problem through the individual. Simply, the government aid being spent in the hopes of stimulating the economy should be funneled toward reducing the balance of home loans to make the monthly payments affordable for the owner. By funneling the government aid directly to the American home owner in need, the economy would greatly benefit as homeowners regain their footing with their budget because the economy and foreclosure are directly related. When one hurts, so does the other; when one prospers, the other does as we...
This immigration reform should simply provide undocumented Mexicans the right to come to the United States of America, and give them the privilege to get their citizenship. There have been important people from the United States of America that believe that,“our immigration system is a broken system that needs to be fixed. We need reform that provides hardworking people of good character with a real path towards citizenship”(Immigration Reform Quotes). Right now, Donald Trump, who is running to be the president of the U.S., believes that a wall should be built across the Southern border, and the U.S. should send children and their families back to their homeland. Donald Trump has clearly not thought about how this can have a significant impact on our country economically, and how it can affect families and communities. Everyone should be treated equally and not be differentiated because of their status. Undocumented immigrants want a better life for them and their families; why can’t they just receive the U.S. citizenship opportunity? As President Obama believes, “This is not just a debate about policy, it’s about people, it’s about men and women and young people who want nothing more than the chance to earn their way into the American Story”
This component is a good way to cut down on discretionary spending and save the country billions of dollars but it will a lot hurt the economy in a lot of ways. We need to elaborate on the reform, and not completely ignore the reform like Obama has been doing for the last three years.
...just as welfare helped people during the great depression, this new plan could help people during this extreme recession. It is so important to keep people in their homes and not on the street and with help from our government and each individual taking responsibility for their actions, the amount of people facing foreclosure can decrease. Every American wants to know that they have a place to go home to and to call their own. For many people placing their homes up for foreclosure was something they never thought would happen and it is easy to say what one would have done to prevent this. As American we must stop blaming and looking at what has happened to the housing market and start planning on ways to fix this situation. Our country should take the resources we have now in the present, and create a plane to insure that every person is taken care of in the future.
...g the deficit. As you can see, it would also cause our immigration problem to either go away or make it harder for employers to employ undocumented workers. It could even make illegals leave the country all together. This great tax proposal would make our education system stronger and the future of our youth stronger. So when is this tax proposal going to make it to the congressional floor? Well, to answer that, maybe never or maybe when our representatives’ congress gets out of the old way of thinking and are open to trying new things. Maybe or maybe it is when it does not hurt their wallets as much. Maybe it is when we the people of the United States of America stand up and say with a united voice, it is time for a change, because we are tired of having a recession every ten years or less. What do you think? Here is the real question: What will you do about it?
Illegal immigration has been a continuing problem in which many people have offered solutions; some have worked better than others. Secure Communities is a program that was implemented in 2008 and has caused serious controversy because of the mandatory nature of the new program policy. This paper will review an article called Federal immigration enforcement is mandatory, memo says. In addition, the pros, cons, and various implications will be reviewed.
The United States’ future is at a risk to miss an opportunity to increase the labor force due to political stalemate. Currently in the United States over 11 million undocumented immigrants are living in hiding. Most of them want to legally work. The reality is the current law is inefficient and weak to deter migrants who know the U.S. has a demand for skilled and unskilled labor. Likewise, the lack of U.S.-Mexico border security and relaxed law enforcement for overstayed visa traveler has rewarded bad behavior by luring illegal entry. This memorandum describes motives to adopt a major immigration policy change that promotes security, freedom, prosperity and conduit to citizenship for immigrants already in the U.S., and in the long run provide positive microeconomic impact.
A common misconception regarding illegal immigration in the United States is that too many people are being allowed into the country which can jeopardize national security. The truth, however, is that President Bush's proposal actually helps maintain the security of American boarders. Also, in addition to the proposal, vast efforts are being made to secure U.S. boarders from terrorists. Boarder patrol has expanded and boarder protection funding has increased by 40 percent in the last two years. (Office of Press Secretary, 2004 at ... ...
As of December 29, 2009, the website Foreclosure.com reported that over 2.2 million homes in the continental USA are in some form of foreclosure, 486,323 are in pre-foreclosure and 465,490 have already been foreclosed. Over seven hundred thousand have tax liens against them and 87, 389 have been sold in Sheriff sales. Along with the homeowners, mortgage companies and banks have suffered tremendous financial loss. However, the homeowners lost so much more; they not only lost the roof over their heads, but memories, their self-esteem and their piece of the American dream.
I will discuss the solutions as primary and secondary preventive strategies. First, the stable families with the layoffs, low wages, and unemployment benefit exhaustion, will have an assessment to make sure the situation has not escalated to other problems such as abuse. Next, I think the eligible families should have an opportunity to own their own homes. A nonprofit organization founded by Christians called Habitat for Humanity International. Their goal is to eliminate homelessness and poverty homelessness nationwide by building houses with the help of the...
“One out of every two hundred homes will be foreclosed every month, making 205,000 new families enter into foreclosure,” Mortgage Bankers Association. The housing industry in the United States is undergoing an unfortunate crisis. There are way too many homes being foreclosed, which cause a ripple of problems.
Foreclosure is an extremely serious topic for so many people. For some, it simply means that there are cheap houses on the marker, for others, it is the end of their lives as they know it. Ultimately, there really isn’t a solution to foreclosure, but there I have formulated a plan to help slow down the process.