New Orleans The draconian back door assault on citizen wealth continues as the impacts of new credit rules ripple through mortgage market and deny motivated – and qualified – buyers access to loans. A quote in the Times today is revealing: “Stuart Fraass of Guaranteed Rate Inc. ‘If you’re self-employed, you have virtually no chance …
Month: July 2009
Citizen Wealth Stimulus Program: Food Stamps
New Orleans Here’s a shocker. The one piece of the stimulus package that everyone seems to agree is working is Obama bump in the food stamp program. Furthermore, the success is such that there is real discussion now in Congress about giving the program another bump. Now we’re talking about citizen wealth meaning real income …
Citizen Wealth from Birth
New Orleans Senator Charles Schumer from New York actually has a good plan which would substantially build citizen wealth: having the government give every child a $500 saving account at birth, matching it along the way with individual savings, and making it tax-free, so that at maturity, there would be a real increase in individual …