Federal’s new debt relief program, you can actually get government grants to pay off debt. Awesome, money to pay off debt, and it comes from the government, and it’s a debt relief program. What’s the catch? It really seems there is no catch, the government really is giving away money, and it never has to be paid back. What could be better?
It seems that the stimulus programs of this administration will just never end. Okay, so then there is a catch, but what is it? The fact is that there are specific regulations governing the qualifications for this new endowment program. These allotments are intended to assist the small business owner with managing their debt, or the individual that wishes to further their education with the cost of that education.
The intention of just these 2 types of federaal’s new debt relief program is to help increase the amount of revenue that is generated in our society by assisting the citizen through the use of government grants to use to pay off debt and thereby increasing the work force. To explain that just a bit think of it like this.
We all know that small businesses create more jobs than any large corporate institution by itself. By assisting the small business owner to stay in business by reducing their debt it is considered a means of providing more jobs and thereby more tax revenue. It is also thought that by allocating funds to needy students it will increase their earning capacity which in turn trickles down to society.
The money for federal’s new debt relief program comes directly from the revenue collected from taxes and therefore the taxpayer themselves. The truth is that Obama does not have a stash of limitless funds to use for offering the general public assistance with paying off debt, even though it seems that he must think he does. Neither do the taxpayers