Newscoma

As many of you know who’ve read this blog for any length of time, I’ve been a bit gobsmacked at the changes in my chosen profession. It’s honestly given me brain strain for about six to eight months.

I’ve tried to think of viable options for myself, as others who are facing shaky employment. I have talked to other folks who have gone through this as well and it’s sometimes paralyzing.

Then I read this by Katherine Coble, who has been through this herself and she breaks down some of the feelings beautifully.

I’d still really like to see some type of mortgage relief put into place. I know from personal experience that when one is jobless, the spectre of losing one’s home can kill hope. I’ve seen firsthand how the spectre of joblessness is dwarfed by the thought of all comforts being ripped away. It kills health and marriages. * I insist that if we want to have any meaningful economic recovery it must include some type of mortgage relief. The easiest and least interventionist is still the automatic stay that I mentioned months ago. Just as you can put your student loan payments on hold when you lose your job, you ought to be able to put your mortgage on hold. Doing so would remove about 75% of the stress of joblessness. It would make layoffs less catastrophic for communities and strengthen banks’ positions on their mortgage investments. With fewer defaults due to unemployment, mortgages again become a worthwhile place to put your money. The best part of this plan is that it doesn’t cause the government to go into further debt.

Coble breaks most things down with a common sense attitude as she does here.

This next year will be a telling, trying time for many Americans.