Jobs, Debt and Empowering the Poor

HB 235 of the 60's allowed working people with a low income to purchase a house with federal subsidy. The program was cancelled for Section 8 that put the poor back in rental property giving the subsidy to the rich. Sound familiar? If this program were re-instituted it would immediately create jobs in the housing market and increase demand for household products while stabilizing the housing market. There will not be an increase in federal dollars, just a shifting from the rich to the poor. What will it take? To start Congress will have to pass the bill. Second, the banks must come on board to offer the loans backed by government subsidies and allowing those who are working even if they have had a previous foreclosure to apply since the banks and mortgage companies contributed to their losses in the beginning of the crisis. Third, the federal government could offer unions an incentive for apprenticeships with 50% off payroll taxes for the first year for hew hires, 30% the second year, 15% the third year and 5% the fourth and final year. More people being trained, more people working, more money in the economy, increased need for goods and services and more taxes and Social Security being paid into the system sounds like a recovery to me. This is a plan that can work and create jobs now!