Essay on Solving The Foreclosure Crisis

Essay on Solving The Foreclosure Crisis

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In the past few months, news of economic distress has been on the lips of nearly every American. On televisions, newspapers and throughout Internet sites, stories of furloughs, lay-offs and foreclosures have become increasing themes in the United States. The question of solving economic crisis is extremely complex, especially for would-be homeowners. This essay will first examine influences on American economy in the past, and solutions to the foreclosure crisis for the future. It is my belief that the best method to remedy the loss of American homes, is to re-direct tax money in a way that will train and employ more citizens, and essentially build and give more homes to families in financial distress. I also believe stricter government regulations on bank lending and adjustable interest rates for homeowners would be a helpful solution.
In the United States a considerable portion of our economic stability is heavily dependent on warfare and military. From a historical standpoint, our culture relates to this after experiencing the first great depression in 1929. The popular historical belief is that this depression, the longest and most severe of 20th century, was ended with the beginning of the Second World War. Given new military jobs and an increase in consumption America’s economy recovered quickly. Since then America has declared war numerous times with other countries. I believe it is our cultural reliance on warfare as the only answer to job stability in America that has brought us to this turning point today. Although we are still currently at war, it is perhaps huge spending budgets on permanent military structures in foreign countries, privatized government and military jobs, and outsourced employment that has put econo...


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...olve economic crisis over time. Instead of outsourcing, encourage multi-national American companies to employ American people, and create government-funded jobs specific to the needs of our time and of our country. There are many luxury products Americans enjoy, toiletries and fragrances, electronics, entertainment, home décor and the latest fashions, all of these luxuries have been a part of what it means to live in a capitalist society, where freedom often means choosing to consume many diverse, extravagant products. This American dream is bound to shift in the near future, as peoples livelihoods are more at risk, we will be forced to evaluate as a community what is really important, and to prioritize spending, acknowledging our basic human fundamental needs, such as good health, a stable home and skills and knowledge to thrive independently from foreign markets.

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