Weiner, speaking at Community Board 10’s monthly meeting last week in Ozone Park, noted that while he was in favor of tax cuts for the middle class, he said that federal funding for infrastructure improvements - such as roads, bridges and tunnels in Queens - was also necessary.
The congressman quoted a New York Times columnist who recently posed the question, “Aren’t we just financing our bailout today by moving our debts to our grandkids?”
Weiner agreed that the statement was basically correct, adding, “The least we can do is leave them something better with the money we are spending – put roofs on schools, improve our mass transit, get ferry service, etc.”
The congressman cited past examples in American history where the federal government funded projects that put people to work to help the economy: Dwight Eisenhower building the country’s highway system and President Franklin D. Roosevelt’s New Deal, a series of economic programs to provide relief and take the country out of the Great Depression.
Weiner told the audience that too many people now have real problems paying their mortgages, however he said that many of them, very honestly, brought it on themselves. He questioned why a family with a yearly household income of $40,000 to $ 50,000 would take on an $800,000 mortgage. Weiner did add that the bank giving the mortgage should take on a share of the responsibility for making the loan.
According to statistics cited by the congressman, a home in foreclosure on a block will bring down the value of surrounding homes by 40 to 45 percent.


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