Tuesday, March 3, 2009

Declare Disaster to Pay Your Mortgage?

The idea is no far fetched. According to an Associated Press report found on MSNBC's web site, Saint Lucie County Florida Commissioner Douglas Coward argues:

The declaration would act like a mini-stimulus plan, giving government officials access to a $17.5 million county fund usually reserved for natural disasters. The county would be able to put some of that money toward shovel-ready construction projects and loosen the bidding requirements so that local contractors got the jobs. That, in turn, could enable residents to pay their mortgages and stave off foreclosure.

It sure is ruff in Saint Lucie!

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