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03-10-2009, 02:43 PM
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Why should the gov't bail people out of...
...foreclosure? isn't this america where people make or break their own wealth? Is it every single tax payers fault that other people buy outside their means now we (the tax payers) need to pay for their mistakes?To people in foreclosure please explain why you should get bailed out?
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03-10-2009, 04:27 PM
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Because it creates dependency. And it shows how only government can solve the problems that government created.See the government enacts all kinds of legislation that makes it more difficult, and expensive, to buy a home, then the government creates programs to help you buy these homes.And there you have the vicious circle.
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03-10-2009, 04:40 PM
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They shouldn't, and I hate that new 8k tax break if you buy your first house this year.
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03-10-2009, 04:41 PM
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This $1,000 payment is not going to save anyone from foreclosure and just costs the taxpayers. If people lived above their means, had no savings, no emergency fund, did not work with banks to modify their loans, did not get rid of every single other non-essential debt, then there is nothing that is going to help them.
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03-10-2009, 06:08 PM
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I don't think the government should bail out the banks, or the auto industry, or people who foolishly borrowed more than they could afford. Those of us who live within our means are being punished for being frugal and careful. It makes me angry. I'm living in a small 2 bedroom apartment because I didn't think I could afford a home and now I have to help pay for the mcmansions that others couldn't afford, but bought anyway? That is SOOO unfair and just plain wrong!
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03-10-2009, 09:19 PM
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I don't think the government should bail these people out. They made the choice to get the loans they thought were good at the time, they should face consequences of their errors. They borrowed more than they could afford.
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