It reads like an anti-landlord piece from the Great Depression, but left-wing economist Dean Baker is actually trying to force people to become landlords.
Baker wrote an August 20 piece on Commondreams.org urging Congress to eliminate foreclosures and let homeowners live in those houses indefinitely.
You read that right (or left), Baker says the heck with the 5th Amendment protection against being "deprived of life, liberty, or property, without due process of law." If someone borrowed too much or won't pay the mortgage, that's OK with Baker, the co-director of the left-wing economic think tank the Center for Economic and Policy Research.
The American Enterprise Institute's Ted Frank. Frank, who directs AEI's Liability Project, said that such a plan is "obviously problematic" and raises constitutional questions.
To Baker, who cares if you actually own property? He wants to turn homeowners who can't pay the bills into unhappy renters by allowing "moderate income homeowners the option to remain in their homes indefinitely as renters, paying the fair market rent."
Indefinitely even means after you have sold the property to someone else.
Another in the great left-wing strategies to end the American dream ... and the American economy.