Let them go bankrupt or have the banks suspend mortgages.
Not having a homeless crisis is far more important than protecting rentiers. Just throw them under the bus.
They are not actually doing anything anyhow.
Not having a homeless crisis is far more important than protecting rentiers. Just throw them under the bus.
They are not actually doing anything anyhow.
Is this a serious comment or are you trolling?
Forget about a recession, the devastation a policy like this would cause would plunge the US into a full blown depression. Deflation and asset price collapse across the board. YEARS of stagnation.
(To me) the answer here seems clear: A direct bailout in the form of $ to consumers and some mix of direct $ and tax credits to businesses.