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More Money For Struggling Homeowners ($50K from Feds: No repayment necessary)
finance yahoo ^ | 6/29/11 | AnnaMarie Andriotis

Posted on 06/30/2011 7:27:23 AM PDT by Recovering_Democrat

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To: Recovering_Democrat

In reading the article, I’m not seeing where the Congressional approval of these funds came from. Since when does the chief executive tap directly into the treasury to give away money?

Not that the Congress taking money from one group of citizens to hand it to another favored group of citizens, or non-citizens, would be constitutional either.


121 posted on 07/02/2011 2:28:29 PM PDT by EternalVigilance (We the People, acting in principle. It's the only hope for our free republic.)
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To: EternalVigilance; All

My guess (admittedly, that is all we’re left with now) is this is part of TARP money.

James Inhofe, the splendid Senator from Oklahoma, makes a good case for “ear marks” in this respect: Earmarks FORCE the executive to spend money AS DIRECTED BY CONGRESS. If there are no earmarks, the (in this case especially) CORRUPT executive branch can spend it any way it sees fit.


122 posted on 07/02/2011 2:52:02 PM PDT by Recovering_Democrat
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To: NMEwithin

Reads like a plan to help 30,000 SEIU members who are upside-down on their loans. They just can’t give our taxpayer money away to their friends fast enough.

The takers are going to need rehab for withdrawal when Obama is gone.


123 posted on 07/03/2011 4:30:36 PM PDT by Freedom_Is_Not_Free (SP12: They called Reagan "unelectable", too.)
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