Posted on 01/29/2006 2:17:44 PM PST by Uncle Sham
Don't leave us to foreclosure Sunday, January 29, 2006 Here in a community full of ruined homes, it takes no imagination to predict an epidemic of foreclosures that could devastate families, cripple the recovery of greater New Orleans and strain the nation's economy. If your flood insurance payout isn't nearly enough to cover your mortgage, you wonder if you'll have to abandon your unlivable home. If you look down the block at a dozen other damaged houses and know that your neighbors are in the same bind, you understand the fear of losing your neighborhood to blight. If you travel daily past block after block of empty, flood-marked houses, you understand how large the hole in our economy could become. This explains why U.S. Rep. Richard Baker is not giving up on his proposal for a federally backed buyout of flooded-out homeowners and small business owners. He wants Congress to create a corporation that would release Hurricane Katrina's victims from their mortgages, sell bundles of property to developers and help get storm-ravaged land back into commerce.
(Excerpt) Read more at nola.com ...
Hint for the future: Don't build below sea level.
More programs.
More taxpayers' money.
People should have insurance and besides the government has already been giving free housing, food, transportation and even a couple grand. NOMOMONEY!
You can write the music any way you want. The lyrics are still "Give us a handout."
An editorial should never be posted in Breaking News.
I don't think unless people have actually seen New Orleans they can't grasp the magnitude of the problem.
I lived in NO half my life, but even so, looking at the issue from far away, trying to imagine it, it's simply not possible.
Words can't describe it, pictures don't do it justice.
I have read that Bush did not actually tour any of the flood zone. Too bad. They should have driven him through the mile after mile after mile of empty gaping wounds that used to be neighborhoods, used to be houses and are now empty hulks at best, or full of soggy muddy oozy garbage at worse, or collapsed piles of former structures at worst.
The mind reels. It's just too much to comprehend.
There may be a better solution than the Baker plan but I don't see it.
I sure as hell would not rebuild a home or a business in the flood zone until the flood protection is rebuilt, and rebuilt better than before.
Who's holding up progress then? Oh yeah..blame the President.
Didja ever think that maybe lots of vanillas and chocos don't want to come back? Large parts of NO were s**tholes before Katrina and they still are.
Trillions won't be enough for Louisiana Dems.
Sure -- don't rebuild below sea level.
Default on your mortgage, the home is gone; default on your credit cards, the stuff is gone; default on your car loan, the car is gone; file Chapter 7, and let the economy take the hit.
Here's a hint -- we're talking about 1% of the population of the United States that are going to have to file Chapter 7.
The City of New Orleans and the State of Louisiana will be next in line to file bankruptcy.
Enjoy your superiority, but it will come back to haunt you.
Messaage?
Is that Dutch or South African or something?
Sure, all those "vanillas and chocolates" can move into Section Eight housing in your community and you can support them.
When the Mississippi River caused multiple levee crevasses back in 1927, it devastated a far larger geographical area than Katrina (and a far larger "value" figure in constant dollars), the folks whose properties were devastated (and that includes my own family), built back up on their own devices--there WAS no "federal relief money", nor even any state relief money for rebuilding--but they did it--bigger and better than ever.
Time for the Nawlins types to "Kwitcher bitchin' and get to work."
Screw over the rest of the TAX PAYERS. (can you hear me now?)
Remove and relieve the individual responsibilities of home owners and business owners, and while your at it Representative Baker, pass a law that we, all of us, can sit on our fat asses, drinking mint juleps, collecting worthless beads and never again have to do anything harder than signing the gooberment check.
What a pathetic waste of breath!
See post 13.
At this point, anything Louisiana asks for is suspect.
I understand the destruction, loss, and pain. However, if my home is destroyed by a tornado and I do not have the proper insurance, no one is going to give me a new one.
Billions in aid is flowing into Louisiana, and government programs that have worked in the past for other catastrophes should be adequate.
New Orleans is not special.
Section Eight exists because the Dems put it in place.
One way or another the so called "victims" will get the free ride. I am more concerned with the legitimate victims...who need a hand. And billions is a whole lot of hands.
If their banks won't release them from their mortgages, why should the taxpayers do it?
Then you should have had more insurance, pal.
Yeah ... and then the President should have reduced Louisiana to a territory, brought in the military, and tossed the politicians in that ex-state into federal jails.
Louisiana isn't a state, it's a criminal enterprise.
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