Officials from dozens of states have written to Joe Biden insisting that he drop a new program that punishes good-credit homebuyers – for having good credit.
“It is already clear that this new policy will be a disaster,” warned a letter that was organized by Pennsylvania Treasurer Stacy Garrity.
It went to Biden and FHFA chief Sandra Thompson.
“It amounts to a middle-class tax hike that will unfairly cost American families millions upon millions of dollars. And – at a time when the real estate market has already slowed considerably due to high interest rates – it will further depress home sales.”
They said “immediate action” is required to end what they called Biden’s “unconscionable policy.”
A report from Fox Business explains Biden’s scheme, announced by the Federal Housing Agency to take effect this week, would force “people with good credit scores to pay more each month for their mortgages.”
That money, by the feds, then would be “credited to the loans of higher-risk borrowers.”
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The plan to punish credit-worthy borrowers across America actually has been criticized by leaders in both parties already.
The new letter is from treasurers and other finance officials in 27 states: Alabama, Alaska, Arizona, Arkansas, Florida, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, Nevada, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Texas, Utah, West Virginia, Wisconsin and Wyoming.
The officials warned Biden his plan would “take money away from the people who played by the rules and did things right – including millions of hardworking, middle-class Americans who built a good credit score and saved enough to make a strong down payment.”
The report described Biden’s agenda as the “forced subsidization of risky loans.”
IMPORTANT NOTE: Although millions of American parents send their precious children off to public school every day, imagining their kids’ days will be filled with reading, writing, arithmetic, science, history, sports and music, they’re not only in for a shock – but for total BETRAYAL. Today’s “public” (government) schools have become far-left ideological, political and religious indoctrination centers aimed at reprogramming and transforming America’s children.
Kids are being taught to HATE their own country and to see themselves and their parents as racists – or victims of racists. They are sexualized and corrupted, and many are groomed into the dark LGBT world, with almost 6,000 schools prohibiting parents from even hearing about their child’s transgender “transition.” In between all the far-left indoctrination and sexual corruption, teachers take time to scare children to death about the near-term end of life on earth due to “catastrophic climate change.” Another lie. But it’s all classic Marxism/communism, with even the “3 R’s” – reading, writing and arithmetic – now being corrupted with “woke,” “1984”-style madness.
Perhaps never has the true threat of today’s U.S. public school system been exposed as in the sensational April issue of WND’s critically acclaimed monthly Whistleblower magazine, titled “THE GREATEST BETRAYAL: How Marxism and madness have taken over America’s public school system.” Whistleblower is available in both the popular print edition and a state-of-the-art digital version, either single issues or discounted annual subscriptions.
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