[PeoplesPotluck] don't forget - tomorrow 9/24 at 5:30pm
Ricky Baldwin
baldwinricky at yahoo.com
Wed Sep 23 13:45:11 CDT 2009
“We’re still losing
jobs –
We’re still losing homes –
We still need a Real Recovery for Working People!”
Community Rally for Real Recovery
Thurs. Sept. 24
5:30PM
Champaign County Courthouse
We gave up almost $5 TRILLION to bail out Wall Street and the Big Banks.
Now where’s OUR BAILOUT?
STOP THE FORECLOSURES!
The U.S. has
already lost a staggering $6 trillion in homeowner wealth since 2006 that will
ultimately cost the nation’s state and local governments $58.0 billion in
annual property tax funds.
Stopping foreclosures alone could:
· Save an estimated 380,846 Illinois homes from foreclosure
through 2012 (nationally: 9 million homes) that would prevent $143.8 billion in Illinois homeowner wealth
from evaporating (nationally: $2.2 trillion).
· Stop the budget free
fall and help state and local governments preserve as much as $2.2 billion in annual property tax revenue,
enough to permanently fund programs to provide affordable housing and new or
expanded shelters for the homeless (nationally: $21.3 billion).
·
Save additional $163.7 million in local government costs associated with dealing
with foreclosed properties – and much more in the event that the banks do not
keep up or secure the properties (nationally: $3.9 billion).
For more on what others are doing
see www.jwj.org/recovery
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