WHY PAY YOUR MORTGAGE PAYMENTS-GOVERNMENT WOULD LET YOU RENT HOUSE OR MAKE YOUR PAYMENTS FOR YOU! GREAT IDEA THAT WE ALL PAY FOR!

It seems the government is never short of great ideas to spend our money by now proposing giving it to people who are behind in their mortgage payments. So if you are a responsible person paying on your mortgage as scheduled, you are out of luck. Only if you are a dead-beat will you get government help to pay your mortgage and do not have to pay it yourself.

They also have a new idea of allowing seriously delinquent homeowners to stay in their home for years by paying a "fair" rent amount. The home will be proposed to be sold to presumably to an investor who would acquire (would be forced to accept) the former homeowner as a tenant. It is not clear if the government would also provide the tenant with additional subsidy to pay the "rent", but it sure looks like it.

The government insists on spending as much as possible of the previously allocated "rescue" funds of every type and has dreamed up this idea now. It sounds "fair and equitable" but does the government have to rescue everyone who can not pay his bills?

The next question has to be whether it would be fair to simply provide a certain set minimum cash payment to everyone so that everyone earns the same amount, so that all is "fair" to those that earn less than others.

This system was in place in the Eastern European countries where if you were a doctor, or a window washer, you got paid a similar salary....was that a smashing success?

U.S. officials are weighing a plan to let borrowers who have fallen behind on mortgage payments avoid eviction by renting their home instead, sources familiar with the administration's thinking said on Tuesday.

Under one idea being discussed, delinquent homeowners would surrender ownership of their homes, but would continue to live in the property for several years, the sources told Reuters.

A U.S. Treasury spokeswoman said late on Tuesday that "we are constantly reviewing new ways to help struggling homeowners and stabilize the housing market. This is just one idea among many that has been considered, but no decisions are imminent on the matter."

Officials have been frustrated as red tape and rising interest rates have slowed a housing rescue plan announced in February that was meant to refinance the mortgages of 5 million borrowers and lower monthly payments for 4 million more.

A housing crisis of record defaults began in 2006 at the end of a five-year housing boom of easy lending. But the current crisis is being driven as much by climbing unemployment.

Since one in five homeowners owe more than their property is worth, they have little cushion if they lose their job or face another crisis, said Jay Brinkmann, the chief economist for the Mortgage Bankers Association.

"Foreclosure is a double trigger -- does someone have a job and do they owe more than a home is worth?" Brinkmann asked.

On Monday, an administration official told Reuters that the Treasury Department is mulling new ways to save jobless homeowners from foreclosure as it continues to expand its mortgage aid.

The official told Reuters it was reasonable for policy-makers to consider terms for loan forbearance -- letting borrowers delay, defer or skip payments -- and that they should be in keeping with other aid for the unemployed.

Two years ago, a liberal economist floated the idea that struggling homeowners could become long-term renters. Dean Baker, a researcher with the Center for Economic Policy Research in Washington, says his idea still has merit and overcomes the key moral hazards of helping troubled homeowners.

"It is a very simple, clean way to help these people," said Baker, who has discussed his idea with White House officials.

Under Baker's plan, a bankruptcy judge would help determine a fair rent for the property. Banks would be able to sell the occupied homes, but the renter's lease would remain in effect.

"Borrowers would lose their stake in the home so it is hard to say that they've gotten a windfall," he said.

Officials are mulling several ideas on how to swap a homeowner's loan for a rental lease without disrupting mortgage markets.

The government could pay mortgage service companies cash to take part in the program -- or encourage lenders to sell the homes to a third party that would write rental agreements -- under two scenarios under consideration.

Many non-profit agencies manage affordable properties and might be interested in partnering in such a rental program, said John Taylor, the president of the National Community Reinvestment Coalition.

"It could be a 'win-win' for the homeowner, the lender who has a troubled borrower and the non-profit," he said.

Right, it's a win win for the dead-beat, not the rest of the taxpayers who are having their money re-distributed without their permission.