NOT THE SHARPEST KNIFE IN THE DRAWER: Mi Moolah Es Su Moolah Tambien
Mayor Bill White scrapped a controversial “Credit Score Enhancement Program” proposal to give Houston residents up to $3,000 in taxpayer-funded grants towards their debts so they can bump their credit scores up by 10 or 20 points and qualify for a mortgage, reports the Houston Chronicle:
“I don’t think we ought to be in the business of paying off someone’s debt so they can buy a house,” White conceded during an impassioned City Council meeting. “Paying off people’s credit cards is ridiculous.” …
“Everybody’s outraged about this,” said Councilman Ron Greene, adding that a constituent e-mailed him a copy of a bill and asked him to pay it. “This was not well reasoned.”
“I do not understand how we can ever justify spending taxpayer dollars to pay somebody’s credit card,” [Councilwoman Pam Holm] said. “I don’t understand how it can be even considered to come up. I am truly embarrassed. I think it shows poor leadership.”
[Hat Tip: The Heel, an Ivy-educated attorney with a prestigious New York firm, and occasional contributor to this blog.]
Comments