April 2, 2008

What She Said: Maggie Thurber on Lucas County’s ‘Foreclosure Prevention’ Program

Filed under: Economy,Quotes, Etc. of the Day,Taxes & Government — Tom @ 2:48 pm

Maggie Thurber, on a Lucas County, Ohio plan to “save” 60 families from foreclosure:

Missed in all the hoopla over helping people is that the money isn’t even going to the families in such need. Nope – the money is going to pay for services and classes being put on by the contracted agencies. Eligible families will participate in counselling, budget classes and training on interest rates … a bit after the fact, if you ask me.

Perhaps the loss of a home would be a good enough lesson in those subjects. Don’t misunderstand me – I’m not being an evil, heartless conservative. I don’t want families to lose their homes.

I just believe that, often, the best-learned lessons are the hardest ones. Sometimes the only way people truly learn is when they are allowed to suffer the consequences of a bad decision.

….. If every Ohio county spends $400,000 on foreclosure programs (the total amount that our commissioners have set aside), the cost of such help adds up to $35.2 million. If every state copies this, that’s $1.76 billion – and now you’re getting into ‘real’ money. Money that has been taken from each taxpayer who would probably have a better use for it.

Read the whole thing.

The word, “evil,” “heartless,” and “conservative” — when properly understood — usually don’t belong together.

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4 Comments

  1. This whole thing really makes me mad. What about the people who saved money to pay off their house who did things the right way?? I would be real mad if I was one of those people and saw that those who didnt just got bailed out. It doesnt seem right

    Comment by Ben Keeler — April 2, 2008 @ 4:16 pm

  2. #1 Ben, beyond that, think of the people who prudently decided to keep renting instead of buying more than they could afford and hoping that price appreciation would bail them out. They should be hacked off too.

    Comment by TBlumer — April 2, 2008 @ 4:45 pm

  3. Bizzy: “think of the people who prudently decided to keep renting instead of buying more than they could afford and hoping that price appreciation would bail them out. They should be hacked off too.”

    ME: That would be me…and I AM pretty hacked off about it.

    Comment by Matt Hurley — April 3, 2008 @ 12:04 pm

  4. #3, wait a minute, did I just call you “prudent”? (/kidding)

    Comment by TBlumer — April 3, 2008 @ 12:32 pm

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