Looks like Peggy Joseph may get the last laugh

Not quite sure where this might be headed but what follows sounds like Peggy Joseph might have been more right than anyone expected after all. The U.S. is becoming a welfare state busting out on steroids.

Believe it or not, here’s what Reuters wrote today about what it had learned from the usual suspects, unnamed “sources familiar with the administration’s thinking”:

U.S. government officials are weighing a plan that would let borrowers who have fallen behind on their mortgage payments avoid eviction by renting their homes instead, [...]

Under one idea being discussed, delinquent homeowners would surrender ownership of their homes but would continue to live in the property for several years, [...]

Officials are also considering whether the government should make mortgage payments on behalf of borrowers who cannot keep up with their home loans, tapping an unused portion of a $50 billion housing aid kitty.

As part of this plan, jobless borrowers might receive a housing stipend along with regular unemployment benefits, the sources said.

Whatever happened to that $75 billion foreclosure prevention program touted last March? Good question.

Next, we have a June 10 WSJ op-ed about another grand Obama bamboozle — the “Phony ‘Jobs’ Claims”:

“Saved or created” has become the signature phrase for Barack Obama as he describes what his stimulus is doing for American jobs. His latest invocation came yesterday, when the president declared that the stimulus had already saved or created at least 150,000 American jobs — and announced he was ramping up some of the stimulus spending so he could “save or create” an additional 600,000 jobs this summer. These numbers come in the context of an earlier Obama promise that his recovery plan will “save or create three to four million jobs over the next two years.”

So what does POTUS have to say about unemployment today? We will probably continue to see unemployment tick up for several months. Months? Several months? How many months?

Then, speaking in Michigan POTUS blames health care costs for “driving us into debt.” He tells the audience unemployment “statistics are daunting” but “new jobs are coming out and we’re going to see continuing job loss as the economy is beginning to stabilize.”

Saved or created? Really? What new jobs?

So this brings us back to the Reuters report about a possible mortgage payments plan for those who cannot afford to pay. But what about renters who cannot afford to pay their rent? Are taxpayers expected to underwrite rent payments too?

Let’s see. What if you can’t make your car payments? What about credit card payments? Cable TV and internet service? See where this is going? Down that slippery slope straight to the Socialist State.

Any questions?