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The money is always "spent", in fact, to the point of being nationally in massive debt,
http://www.debtsolutionsasap.com
Commented Aug 21, 2012 on Eminent Domain and the Government Seizing Mortgages: The Game of Chicken Continues at UCLA Real Estate Wire
Eminent Domain and the Government Seizing Mortgages: The Game of Chicken Continues
Amir Sufi is a leading economist at the University of Chicago's Booth School of Business. In this piece for Bloomberg, he discusses the merits of allowing California cities such as Stockton and San Bernardino to seize mortgage contracts and reset the terms to forgive enough debt so that borrower...
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