To: President Donald Trump, The California State House, The California State Senate, Governor Gavin Newsom, The United States House of Representatives, and The United States Senate
RE-MORTGAGE AMERICAN HOMES
The US Government offer every financially qualified US citzen a 30-year mortgage at 1% fixed rate, with interest "only" payments for the first two(2) years. If you have a 30 year mortgage at 1% fixed rate, your monthly payments on a $180,000 loan the first two years would be reduced from $859 per month to $150 per month. An extra $709 each month to spend and grow the economy.
The bottom line is there will be more money in the hands of the 99%. The American people who helped build this country deserve and need a plan that will directly help them while also stimulating economic prosperity. By focusing on housing, the cause of the recession, there will be economic prosperity for the next generation. Most Americans are earning less. The Plan will help compensate for lower wages.
If the government fails to seriously address the housing problem, we will see more foreclosures, continued slow economic growth, and a lowering of Americans' standard of living.
Why is this important?
THE PLAN: THE US GOVERNMENT OFFER EVERY US CITZEN A 30 YEAR MORTGAGE AT 1% FIXED INTEREST.
This is a government loan program, not an increase in government spending. The government bailout of the financial industry had a tremendous impact on business but the trickle down effect has not worked. The RE-MORTGAGE AMERICAN HOMES PROGRAM will add a trickle-up for the 99% and will add economic expansion and generate increased revenues for federal and local government, AND CREATE JOBS.