Friday, August 24, 2007

Personal Responsibility...

You know, I hear all these idiots talking about how we need to "bail out" the morons who took out loans that they should have known they would not be able to afford and it makes me sick! Then I hear many of the people who are running for the highest office in the land agreeing... Terms like 'predatory lending': who held a gun to these fools heads? Did they NOT read the terms of the loan?; 'consumer advocate': are you nuts? Advocates for what? Helping idiots AFTER they sign documents to get into a home they COULD NOT afford in the first place? Now the taxpayers are supposed to HELP them keep it?!?!?! Astounding!! That would be like me going to buy a whole new house full of furniture, that I could not afford, then when the bills came due, since I bought it on one of those 'Buy now, don't start paying for two years' loans, then when they came to pick it up, asking the taxpayers to pay the bill for me... Stunning! Yet I hear many people who are FOR the borrowers who can't pay their mortgage because of the exotic, idiotic loans they got, and now we are to bail them out?!?!? How about figuring out how much you can afford? Then either renting or buying something you can afford? If you make 30K a year, you CANNOT afford a 500K house!!! Even if you buy it on a 50 year, interest only loan! Yeah, I know you want to ACT like you are successful and can afford it! It however IS NOT up to the taxpayers to bail you out when the 'clause' in the loan saying that your payment will go up by $500 bucks a month kicks in!!! I am ASTOUNDED that there are people though who are blaming Bush for this, and are acting as if the Federal government should bail these people out, meaning the taxpayers!!! Doesn't anyone else find this outrageous???

4 comments:

Matthew said...

It's not surprising though... It's called 'government education'! Just like that boy who drew the picture of a gun and was suspended for 5 days... Wow!! We are at a crossroads in this nation, and the people who are seeking to become the leader, many WANT this! People are too stupid to fend for themselves, the government MUST step in and assist! Sadly, I'm almost inclined to agree with them on that point...

Joshua Goodling said...

I hadn't heard about this. People actually think the government (taxpayers) should bail these people out????? That is ridiculous!!!!!

People ask me why I bought a $110,000 condo instead of a $200,000 house? I look at them like they're idiots - uh, because I know I really can't afford a $200,000 house!!

That is the mentality of a LOT of people nowdays though - they're not responsible for stupid decisions they make.

Petra said...

I hadn't heard about this either. What happened to "it gets repossessed if you stop paying the bill"? I didn't yell and scream when the van that I couldn't afford anymore (after I couldn't find a new job) got repossessed.

Jackie said...

Yes, it is sad for them, but I sure don't want my tax dollars going to people who were just a tad eager beaver to own a home.