Bailing out the ex-Bawlers
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more from Politics:
Those people who are screaming for help and government bail out, were few years ago big bawlers. They made a lot of money from the sub-prime mortgage. They were piling home-loan applications, application after application and approving them like hot cakes. Now they come to the government with teary red eyes, runny nose and half falling-down shorts, asking for help! Why? Didn't they save enough money during the good years? Now they want help! Help that will be coming out of our tax money!
If the government gives each American ( the population is 300 million Americans) a million dollar to improve his/her living conditions, that will be better than giving those greedy losers a wooping 700 billion dollars, that won't do much anyway at the end.
Let's also remember those buyers who went totally way beyond their means, by getting loans with payments more than they can afford. They were completely unrealistic and didn't do the math. It was a simple equation really, when you have a mortgage with special intro rate for only few years, then it will become variable, you have a problem. You know that you will be jacked up soon.
I guess what I want to say is, despite the unfortunate financial and economical events, we can't afford such an expensive bail out plan. It will wreak the economy more, because simply we (USA) don't have that much money in reality. We will have to print more money, which will trigger an inflation, which will cause the dollar to worth a penny and prices to go up sky rocketing. Then we will cry for sure again asking for help. Let's not forget than we have a deficit of three trillion dollars because of our over-spending habits, in addition to the fact the we are bailing out people who already made a fortune before and didn't care about anybody else but their bank account's balance.
If the government gives each American ( the population is 300 million Americans) a million dollar to improve his/her living conditions, that will be better than giving those greedy losers a wooping 700 billion dollars, that won't do much anyway at the end.
Let's also remember those buyers who went totally way beyond their means, by getting loans with payments more than they can afford. They were completely unrealistic and didn't do the math. It was a simple equation really, when you have a mortgage with special intro rate for only few years, then it will become variable, you have a problem. You know that you will be jacked up soon.
I guess what I want to say is, despite the unfortunate financial and economical events, we can't afford such an expensive bail out plan. It will wreak the economy more, because simply we (USA) don't have that much money in reality. We will have to print more money, which will trigger an inflation, which will cause the dollar to worth a penny and prices to go up sky rocketing. Then we will cry for sure again asking for help. Let's not forget than we have a deficit of three trillion dollars because of our over-spending habits, in addition to the fact the we are bailing out people who already made a fortune before and didn't care about anybody else but their bank account's balance.
