Thursday, March 4, 2010

Two U.S. Problems Solved At Once

Here's a thought.  There were 3 million U.S. house foreclosures in 2009, another 10.7 million mortgages were "underwater" (the owner owes more than the house is worth) at the end of the year, and 2010 foreclosures are expected to be around 2.8 million.  The glut of foreclosed, empty houses is a huge problem which depresses the value of every house in America.  There are also estimated to be roughly 11 million illegal aliens in the U.S. (not all adults) right now, and who knows how many more on the waiting list to enter the country legally.  Why not give every mother, illegally in the U.S. or on the waiting list (mothers are proven to be more responsible in such matters) immediate citizenship and a house for her family, assuming they are determined not to be undesirables or terrorists?  We know these people are hard workers, often taking jobs other Americans won't.  Furthermore we know they are a huge burden on Medicaid.  Why not turn them into tax-paying citizens and get rid of the housing glut at the same time?  One proviso in order for this to be a one-time fix: a) for the illegal alien problem you'd have to effectively (finally!) seal U.S. borders and control (finally!) legal immigration in the future, and b) you'd have to fix the Wall Street wunderkinds, incompetent mortgage brokers, and asleep-at-the-wheel regulators in order to prevent another housing bubble.  How about jail?