Fxcktards On Parade: Fannie & Freddie Announce Mortgage Debt forgiveness for ‘certain’ borrowers 8 years after it would have helped the economy…

housinginyourhands

8 years late and an entire fxckin’ TARP trillion short boys. This will just pxss people off.

FHFA announces Principal Reduction Modification program. Details:

The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac will offer principal reduction to certain seriously delinquent, underwater borrowers who are still struggling in the aftermath of the financial crisis to help them avoid foreclosure and stay in their homes.  The new Principal Reduction Modification program is a one-time offering for borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac and who meet specific eligibility criteria…

FHFA.gov Fact Sheet

• Are owner-occupants.

• Are at least 90 days delinquent as of March 1, 2016.

• Have an unpaid principal balance of $250,000 or less.

• Have a mark-to-market loan-to-value ratio of more than 115% after capitalization.

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April 14, 2016. Tags: , , , , , , , , , , , , , , , . CITI, citigroup, Economy, FDIC, Finance, Foreclosures, GOP, Housing, Immigration, Labor Department, migrant crisis, Obama Administration, Politics, Popular Culture, TARP, Taxes, Trump, Uncategorized, Unemployment Statistics, Wall St. 1 comment.

Video: Paul Ryan unveils budget ~ Gen X is ready to take some pain, are you?

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Rep Ryan on Squawk Box this morning discussing his budget.

Gen X will be the first to hit the new Medicare Premium Assistance Program in 2022.

We always knew it would be us. At this point I am GLAD it is us. The Boomers don’t have the fortitude of their parents and all they do is consume.

Only the Thirteenth Generation aka Gen X, is prepared to sacrifice.

After all, we are used to it. We expected it. Hell, we have been waiting for the other shoe to drop on us since our first experience following Boomers, the Carter years, and then the pain of Volcker slaying inflation during Reagan’s recession. And don’t forget the FICA tax increase we got to pay for Boomers’ retirement, the $$ that is now-gone and which we will have to pay, again.

Fact is, we are a small enough generational cohort that the pols feel comfy shafting us, always have, always will.

Heaven forfend someone should ask the frakkin Boomers to share the pain. They still think they are God’s gift to the world.

So instead of righting the ship immediately, which we could do if the Boomers would give something up, we in Gen X will take the first hit.

So here we are, stepping up, ready to share the burden.

FIX IT NOW. CUT NOW. WE ARE READY.

We are the Eeyores of the current populace and we have always been ready to get the shaft, at least let us do it now so we feel we contributed something meaningful while we got screwed…

and PS-Thank you Rep. Ryan!

Andrew Stiles breaks out some numbers on NRO:

$6.2 trillion — Amount of spending cuts proposed relative to President Obama’s 2012 budget request.

$5.8 trillion — Amount of spending cuts proposed relative to the current CBO baseline.

2008 — Ryan’s plan would bring non-security discretionary spending to below 2008 levels (pre-stimulus, pre-bailout, pre-Obama).

20 percent — Target spending levels (as a percentage of GDP).

$4.4 trillion — Total deficit reduction over 10 years called for under the plan, compared to $4 trillion under Bowles-Simpson and just $1.1 trillion under Obama’s 2012 budget.

$4.7 trillion — Total debt reduction relative to Obama’s budget.

$178 billion — Amount of saving achieved in the Defense Department budget, per the recommendations of Defense Secretary Robert Gates, $100 billion of which would be reinvested, the rest used to reduce the deficit.

$750 billion — Total savings achieved through Medicaid reform, in the form of block grants to states, giving governors greater flexibility in their budgets.

2022 — Year that proposed Medicare reforms would take effect.

25 percent — The top tax rate proposed for both individuals and companies.

18-19 percent — Target revenue levels (as a percentage of GDP), in keeping with historic average levels.

$800 billion — Total amount of tax increases eliminated by repealing Obamacare.

1 million — Private-sector jobs created over the next year.

4 percent — Projected unemployment rate by 2015.

$1.5 trillion — Projected growth in real GDP over the next decade.

$1.1 trillion — Estimate increase in wages over 10 years, yielding an average increase in income of $1,000 per year for each American family.

10 percent — Proposed reduction to the federal workforce over the next three years.

$120 trillion — Total debt reduction by 2050 relative to Obama’s budget.

Update: Oh here we go, Boomers whining about not having enough to live in style in retirement. Cry me a frakkin river dudes, you spent it all and THEN some (and once again Gen X, following your shenanigans, got the 1st 10 yr run with no $$ in stocks) but dont worry your Berbanke is printing just as fast as he can so you can continue to take cruises every spring (until stagflation catches up to us).

Your idiotic brain trust picked out Obama to be POTUS! There are no more resources for you to consume! Jeebus, get a grip!

The 77 million-strong generation born between 1946 and 1964 has clung tenaciously to its youth. Now, boomers are getting nervous about retirement. Only 11 percent say they are strongly convinced they will be able to live in comfort.

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April 5, 2011. Tags: , , , , , , , , , . Economy, Finance, Healthcare, Obama Administration, Politics, Popular Culture, Taxes, Unemployment Statistics, Wall St. Comments off.

Alice in Chains co-founder Mike Starr, 44, dies ~ Rest in Peace

God Bless. This may be the second member of the band lost to addiction. ALICE IN CHAINS Youtube playlist  here

THR has it.

…Former Alice in Chains bassist Mike Starr – who has publicly struggled with drug addiction and appeared on VH1’s Celebrity Rehab last year – has died. He was 44.

“It’s a terrible shock and tragedy,” his father tells TMZ.

March 8, 2011. Tags: , , , , , , , , , . Celebrities, Entertainment, Music, Popular Culture. Comments off.

Different Strokes – ‘The Reporter’ with Nancy Reagan

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May 28, 2010. Tags: , , , , . Celebrities, Entertainment, Popular Culture. Comments off.

Twofer Tuesday: U68

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May 18, 2010. Tags: , , . Celebrities, Glam Metal, Hair Bands, Heavy Metal, Music, Popular Culture. Comments off.

A Nightmare on Elm Street reviews…

Ouch. First  Spill:

IGN:

Then the NYPost, Kyle Smith:

…To the audience suckered into paying to see this, here’s why your generation sucks. A book for first-graders by Carl Reiner was called “Tell Me a Scary Story, But Not Too Scary.” Young adults going to this movie are, mentally, first-graders with a higher tolerance for gore.

Going in, you know the story and pretty much what’s going to happen in every scene (Freddy is going to pop up in varying settings). A girl gets in the bathtub and everyone waits for the finger-knives to appear so they can issue a properly prepared-for shriek. That’s pretend scared.

Now that there have been eight Freddy movies, 12 Jasons and 10 Halloweens, it might be time to declare that kids like to see the same stuff over and over. (When Generation X sat through all this, at least it was new, or new-ish.) But just as you can’t tickle yourself, you can’t really be scared unless you honestly don’t know what’s next. Teens are so uncertain all the time that they crave movies where everything is as pre-arranged as soccer practice. When you start to notice that full-on predictability has become unpleasant to watch, you might just have arrived at the moment of your moviegoing maturity.

Though Freddy is basically the same guy as in the 1984 original, his back story is different. For a few minutes the movie threatens to become interesting — then retreats. (Mild spoilers follow.)…

April 30, 2010. Tags: , , , , , , , , , . Entertainment, Fantasy, Film, Horror, Mystery, Popular Culture, Supernatural, Suspense. Comments off.

Advice to the GOP Leadership from a recovering Democrat & Twofer Tuesday: Come As You Are/It’s So Easy

I need to rant a bit. The GOP leadership needs to embrace the passion and patriotism of the American people, and absolutely must ignore the race baiting tom-toms of the lamestream media and politicians..it is the last refuge of scoundrels, throwing the race card at Americans exercising their God-given rights to assemble, freedom of speech, and especially redress of grievances to our government.

Team Obama continues to replay their primary campaign, we are in the phase where anyone objecting to the incredible overreach and intrusion into our lives is branded racist, ignorant, uneducated, lampooned, etc etc.

Sadly in 2008 millions of Democratic voters were floored at this treatment, by our own party, people who KNEW DAMNED WELL the things they were saying were slanderous lies.

Maybe it is because I have been a Democrat for 24 years that I feel absolutely no compunction about my passion for the country and the cause of rolling back the travesty these people have foisted upon us and our children. I have been dragging crates over to serve as a soapbox and stood upon them to lecture my fellow nursery school attendees upon proper treatment of fellow classmates time out of mind, maybe it’s genetic, lol.

HillBuzz spoke about this a good year ago or more, but I see a plethora of articles hitting blogs and MSM in re the ‘racism!” or ‘radical!” (POT-KETTLE!) nature of the Tea Party Patriots and now more broadly, all who dare to oppose the ‘gift’ of Obamacare.

Get your ya yas out as The Stones used to say. Flags, families, friends, passionate patriots expressing their will. The evolution of conservative and GOP patriots, to the point where they felt compelled to do what Democrats have done for generations, and step outside into the public sphere to express their will, the evolution into Tea Party Patriots, joined by Independents and Democrats like hubby and I, is precisely BECAUSE of the machinations and biases of the lamestream media.

Their refusal to report the true expression of the majority of Americans’ will with regard to deficit spending, taxation, cap and trade, and lately health care, left most Americans feeling completely cutoff from each other. We were cast out of the collective consciousness of America as reported and reflected by our media each night in evening news broadcasts.

It is not going to be possible for the Axelrasputian Brigade to push we moderate Democrats away from the tea parties. We have always loved America and never bought into the neoprog hard left anti American BS to begin with. Now that we have lived our primary ‘trial by race card fire’, we will not be deterred.

The Indies I meet at Tea Parties have zero problem expressing their wishes for the Freedoms we cherish to be upheld, and I wager the conservatives and GOP have had enough of the race card shenanigans also. We don’t care what you call us, we know who we are.

The GOP leadership needs to reflect that same thick skin if you will. If the GOP Leadership fails to embrace the righteous, yes frakkin totally righteous anger of Americans over the healthcare debacle then it will be ‘So Fxxkin’ Easy’ for the Dems to hold power (h.t Axl Rose).

Obama must’ve laughed himself through the entire Democratic primary as Hillary was forced to apologize for an everlasting  chain of imagined, purported ‘slights’ and aspersions involving race. She couldn’t say ‘Good Morning’ without issuing an apology after SC. Learn from our mistakes.

These people throwing the race card know damn well it is baseless. Do not try to mollify the arsonists throwing gasoline onto the burning house. Just get in touch with the American people, we are out here standing for the Constitution, stand with us.

We are the people, party down and vote!! Primary votes now, November will be awesome… Come as you are Americans!

(and hey trollin Obots, ignore Kurt’s gun lyrics, they arent a secret code, lol. It is just a great tune we Gen X-ers like to listen to. ..)

March 23, 2010. Tags: , , , , , , , , , , , , , , , , , , , , , . Faith, Finance, Healthcare, journalism, Music, Obama Administration, Politics, Popular Culture, Talk Radio, TARP, Taxes, Unemployment Statistics. 4 comments.

Corey Haim passes away at 38

God Bless. Hollywood destroys kids. I watched the Two Coreys and Haim clearly had serious damage from his career as a kid in tinseltown (including physical abuse). The studios have been destroying young actors since Judy Garland who they pumped full of pills to keep her acting and singing 24/7. Not much has changed. God Bless him.

HorrorHound Weekend, March 28, 2009: The after-party was over and the mini-bar was closed, but that didn’t stop Corey Haim. The Haimster and G Tom Mac (the guy who originally performed the theme to Lost Boys) rolled an amp, a guitar and some drums into the lobby of the Indianapolis Marriot and commenced a spontaneous jam session that went on for more than an hour.

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March 10, 2010. Tags: , , , , , , . Celebrities, Entertainment, Film, Popular Culture. Comments off.

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