He misses a crucial point - its worse ... Archived Message
Posted by Shyaku on April 26, 2020, 9:14 am, in reply to "Richard D Wolff: Rush to get Americans back to work"
The whole business, in the US, of a 3 month holiday in mortgage payments, ALL DUE in the 4th month? THAT is to get the workers back to work. That whole angry-guy video posted by Adamski, furious why not a mortgage holiday and simply adding 3 months to the back end of the loan instead? Its by design. Its just another part of the whole "home-owning democracy" thing. Home-loaning monthly payments and then tied to your job, unable to take the time to find a better one.
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