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Originally posted by dawnstar
this is why I say, not helping those in the lower middle class is the moral hazard!! you are picking off the middle class one family at a time, forcing them to adjust their lifestyle to one that apparently is more appropriate at least in the government's eyes.....single mom, on welfare, overburdened dad, working two jobs and still not being able to afford the basic needs, and well, a government raking in the money and who cares what happens to it after child support collects it!
and of course, no one is truly living within their means now, are they?
Originally posted by Stormdancer777
reply to post by dawnstar
Well friend, I rent, I am 59, never owned a home and lived in a lot of rat holes I have a leaky roof the landlord wont fix,I live in the hood,I surrounded by substandard housing.
So you are barking up the wrong tree, friend.
Once I tried to buy a home a few years ago, it was 100,000, I couldn't get a loan,
I don't know how people get these loans, now I am glad I didn't get the loan.
Yes I rent, but I and my husband work on the house ourself, imagine that?
[edit on 092828p://bFriday2009 by Stormdancer777]
Originally posted by j2000
reply to post by John Matrix
No way! No thanks!
I will dig and claw my way back up!
I want the freedom to be able to at the very least.
Once that is gone, what is the point. I might as well just roll over and die!
Give me freedom, or give me death!
Please elaborate on why you feel letting these homes go into foreclosure would 'doom America' so to speak? I've looked at various websites and read a bit on this one as to the whole situation, but I still have a hard time beleiving it would collapse the system because a few people lost their homes. No flames please, I am asking a serious and legitimate question.
Originally posted by disgustedbyhumanity
Thay have gotten to all of you. Santelli is an idiot. Of all people he should realize why we have to take these actions. Same with the bozozs in the trading pits. All they know is how to take advantage of folks to further their own means. They are just afraid they won't be able able to buy 2nd and 3rd homes and investment profits even further below true value.
They refuse to look at what happens if you let these 10 million+ foeclose on their homes. It will lead to another 10 million and then another 10 million foreclosures. No financial institution will survive. No insurance company survives. No brokerage survives. All thes efolks will be on the unemployment lines. And when that happens all these same folks will be lining up thousands deep with their hands out to the goverment asking for help. Just think of the FDIC liability alone. It is pay now or pay much more a bit later. There is no easy way out.
What's ironic tis that hese are the same bozos that bought and sold your mortgage dozens of times over. and because of that there is no easy solution. I would prefer more help but this plan isn't a bad start.
Moral hazard my ass.
I'm all for freedom. But poverty is not freedom my friend. Poverty brings ridicule, humiliation, scorn, loss of dignity, loss of self respect, health problems, social problems, kids that grow up to be criminals, I can go on and on....and where is the FREEDOM in any of that when you are crushed and oppressed by it?
Originally posted by John MatrixIf everyone received free health care, free education, and a basic income and no penalties levied against that basic income when they go out an earn more money, then the system would be more fair.t if his slaves had a home, were well fed, and given a wage that they would produce.