The mayor of Houston proposed a plan of pure insanity that rewards bad financial behavior. This is a microcosm of Porkulus, the $787 billion spending behemoth of President Barack Obama, Nancy Pelosi and Harry Reid.
Mayor Bill White proposed the city dole out grants up to $3,000 to individuals who are trying to qualify for mortgages through the city’s home buyers assistance program. According to the Houston Chronicle, the "Credit Score Enhancement Program" was aimed at helping people who fall 10 to 20 points shy on their credit application use the money to pay off debt and raise their scores. The funds would be used from a left over from a city appropriation of funds to repair homes following Hurricane Ike. This money would be used for people to pay off credit card debt and car loans! This plan realizes the idea of wealth redistribution - using taxpayer money to help people pay their debts is nothing short of insanity. It gives even more rise to the idea of allowing the state to take care of people rather than having the people take care of themselves.
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