California Democrats are pushing a jaw-dropping plan to hand out $150,000 down payment loans to illegal immigrants, but there’s just one problem: they’re running out of other people’s money.
At a Glance
- California Democrats propose $150,000 down payment assistance for undocumented immigrants
- The “California Dream for All” program faces severe funding shortfall
- Critics argue the plan is “fundamentally unfair” and diverts resources from citizens
- The measure is likely to pass due to Democratic supermajority in the state legislature
California’s Latest Misguided Adventure in Fiscal Irresponsibility
Just when you thought California couldn’t possibly find new ways to squander taxpayer dollars, the state’s Democratic lawmakers have outdone themselves. They’re now pushing a plan to offer undocumented immigrants up to $150,000 in state-supported home loans. Yes, you read that right. While hardworking, law-abiding citizens struggle to make ends meet, California wants to roll out the red carpet for those who entered the country illegally.
This latest example of left-wing lunacy, dubbed the “California Dream for All” program, would provide 20% in down payment assistance up to $150,000 for first-time homebuyers. The kicker? It’s being considered smack in the middle of a national election where immigration is a hot-button issue. Talk about tone-deaf!
NEW: CA Democrats are proposing a first in the nation initiative that would help illegal immigrants buy homes by providing them up to $150,000 in taxpayer funded down payment assistance. It will likely pass – Dems have supermajority. Would Gov Newsom sign?https://t.co/xMt3GSqy63
— Bill Melugin (@BillMelugin_) August 26, 2024
The Elephant in the Room: Where’s the Money?
Here’s where it gets really rich. The California Department of Finance has identified a severe lack of funding for this harebrained scheme. So, not only is this plan morally bankrupt, but it’s also financially insolvent. It’s the perfect storm of progressive policy-making: promising the moon without a rocket to get there.
“It’s not fair. It’s very unfair,” State Senator Brian Dahle said and indicated the bill will increase those who come to California for programs like this, as well as increase those fleeing California because of unfair policies like this.
The Democrats behind this travesty argue that it’s about providing “equal benefits” to undocumented state residents. But let’s call a spade a spade: it’s about buying votes and pandering to special interests, all at the expense of legal residents and taxpayers.
A Slap in the Face to Law-Abiding Citizens
While California’s median home price soars to nearly $1 million, requiring a household income of over $200,000 to afford, the state’s brilliant solution is to hand out loans to those who shouldn’t even be here in the first place. It’s a slap in the face to every hard working American family struggling to achieve the dream of homeownership.
“fundamentally unfair but typical Democrat policy.”
And let’s not forget, this comes at a time when over 10 million migrants have crossed the southern border during President Joe Biden’s administration. It’s as if California is hanging out a giant “Welcome” sign, funded by your tax dollars.
The Bottom Line
This isn’t about compassion or inclusivity. It’s about misplaced priorities and a fundamental disregard for the rule of law. While Democrats pat themselves on the back for their “progressive” policies, they’re creating a fiscal time bomb that will explode in the faces of hard working Californians.
As the state barrels towards this financial cliff, one has to wonder: how much more can California’s taxpayers take before they decide enough is enough? It’s time for voters to wake up and put an end to this madness before the Golden State becomes a cautionary tale of progressive policies gone wild.
