Measure aims to help unemployed families fend off foreclosure | - SILive.com

"Measure aims to help unemployed families fend off foreclosure - SILive.com:
Measure aims to help unemployed families fend off foreclosure
By Judy L. Randall
May 24, 2010, 4:28PM

STATEN ISLAND, N.Y. -- Legislation that would help unemployed families stave off foreclosure is being advanced by New York's two senators.
The Homeowners' Relief and Neighborhood Stabilization Act of 2010 would provide $3 billion in loans for up two years for out-of-work homeowners.

The TARP funding, administered through the U.S. Department of Housing and Urban Development, would provide low-interest loans for up to 24 months to homeowners who fall at least three months behind on their mortgage payments due to unemployment, under-employment or medical condition."

Alturistic as it sounds, where exactly do they propose to get that 3 BILLION dollars from? The "unemployed" homeowners are, obviously, unemployed and ergo not paying payroll taxes. That leaves only the working homeowners to cough up the money, increasing their tax burden and no doubt ultimately resulting in THEM going into foreclosure. Then who will subsidize the subsidizers?