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Reply #89: Where is the money coming from to buy them from the owners? [View All]

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county worker Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-16-10 04:59 PM
Response to Reply #76
89. Where is the money coming from to buy them from the owners?
Whether it is the bank or whomever where is the money coming from to buy the house to rehabilitate then rent and manage the properties? In case you didn't know, States, counties and local governments are all cutting services. Counties and cities by law cannot operate with a deficit. They must have a dollar of revenue for every dollar spent.

Since tax revenues are already at record low levels, you want to add a new program so I want to know were is the revenue coming from.

It is so easy to "propose" a solution when you are not required to take everything into consideration! That's what gives liberals a bad name IMHO. Even the dumbest tea bagger knows that to do what you want takes increases in tax revenues. Local governments rely on bonds, federal and state grants, property taxes, medicare and Medicaid. That money is dwindling each year this recession goes on.
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