Quote Originally Posted by Zimzum
They do.. Its usually goes by the name "asset forfeiture" or "eminent domain"

So she wants to give out funds to buy foreclosed homes, then to turn around and resell for cost or profit?



Who will be buying these houses? The same people being foreclosed on? I think these people need to take a lesson from Ron Paul. Cutting or eliminating the federal tax burden would help more Americans struggling to get by then taxing them to pay for crap like this.
At the cost of turning entire neighborhoods into ghettos? This program is to prevent blighted neighborhoods. A house or two lost in the neighborhood is no big deal, but when the number of foreclosures per neighborhood increases, the chances of crime coming in goes up. You'll have bums start to live in those houses and before you know it, it becomes an unsafe neighborhood. The buyers in those programs are not the same people that bought these houses. They are the rental population, people recently starting a family looking for a good deal on the market. I'm currently looking for a foreclosed home.

This is hardly the start of where the tax burden needs to be cut. Start with the military industrial complex, followed by making the requirements more stringent to acquire social services, cutting some programs all together. A move that'll stimulate the economy shouldn't be one of them.