Originally posted by slackerwire
The government has no Constitutional authorization to bail out people who make bad decisions. People chose to sign on the line indicating they are
responsible for the debt, it is not the duty of other citizens to cover the cost of irresponsible people.
show me in the constitution where they have the power to bail out irresponsible banks, or businesses? they don't seem to find this a danged
by the way marg......we bought a house the beginning of this year....every month, that mortgage has been passed on to another company, probably with a
profit...a little hot potato being tossed around, let's see who has it when it explodes..
only I would like to point a few things out to people here....
first....we did stay within our means....unless the economy goes real wacky, the mortgage will be paid...
but...well, this is something to consider. we are paying less for this house than we would be for the rent on a home of equal value...and I am sure
many of yous remember me saying that hud does have the power of increasing the rent on the homes and apartments they subsidize and sometimes that
pushes non-hud renters out of their homes...
if you had a choice between renting a crappy apartment that is within your means... that is within your means because well....it falls below hud
standards or buying you a home that is about equal to what you are used too...which would you prefer?
and well....our government has used this little bubble the past six or so years to help them give the impression, or illusion that hey, all is dandy,
everything is fine, don't be afraid, just go out and spend!! ya, that's right spend!!! we need you to get yourselves into debt to keep the this
great economy running!! to give the local communities the funds they need, that the government has taken from them to fund their war...
they needed us going into debt to keep their illusion alive!!!
well, it didn't get them far enough I don't think, their illusion is dying and only half the job is done, ya the congress has a democratic majority,
but there is still a republican president in office who will more than likely receive more blame than the dems....everything wasn't suppose to fall
apart until there was a democratic majority that could be blamed.. so ya, here's a few billion, see, everything is fine, the stock market is still
rising....go out and spend!!
this grand idea of wealth has all been an illusion, some of us has been telling everyone that it is, but still they have refused to believe it...
I think we should just leave it all well enough alone, let it fall, and then pick up the pieces, maybe then we will all know just what is an illusion
what isn't... we'll have at least a halfway stable foundation to stand on!
if they bail out the financiers and not the people, well, the people lose their homes, the same people will come around again, buy their homes for
pennies on the dollar, alot of them will be made into multifamily homes and rented out.......or boarded up. you ever noticed how many bordered up
houses are around? there seems to be a heck of alot of them out there. we certainly don't need more!! and they are probably owned by the same
small group of people, and well...this small group of people are more than likely all set ready to pounce again....now that their buddies in the
finance markets and government has set the stage!! either stop bailing out the businesses and let them suffer the consequences or just bail everyone
I am sick of this idea that "responsiblity" is only good for the individuals, businesses and governments can be irresponsible as all heck and be
protected from all the negative consequences of their actions...
[edit on 24-8-2007 by dawnstar]