Virginia A.G. Cuccinelli: Modifying Mortgages is “Welfare”
Millions of homeowners are underwater with their mortgages, many on the brink of foreclosure. And Republican’s are still more focused on getting banks bigger profits than helping those homeowners out.
Virginia Attorney General Ken Cuccinelli (R) said that he opposes the settlement because modifying mortgages to keep troubled homeowners out of foreclosure amounts to “welfare”:
Cuccinelli said he opposes principal reductions. “That sounds like a welfare discussion, not a regulatory discussion,” he said. “That’s not the appropriate role for attorneys general.”
Cuccinelli believes that restricting a woman’s right to choose, smearing climate change science, and attempting to overturn the Affordable Care Act are all within the purview of the attorney general’s office. But policing mortgage fraud is somehow inappropriate?
Even if it wasn’t in the best interest of investors, as well as the people being foreclosed on, to have these loans modified, as Wonkroom points out, there seems to be an understanding that welfare, i.e. a mode of governmental assistance to ensure a citizen doesn’t starve to death or freeze on the streets, is always something bad.
When did welfare become so much of a dirty word that it’s now used as a way to cast derision on any bit of government spending Republicans don’t like?