Posted on 12/10/2008 3:47:45 PM PST by publius321
who would be outside of prison?
who would pay for all the new prisons and their maintenance?
Do just like England used to do, put them in all of the moth balled ships we have all over the country, feed them once a day with a big tub us something or other, and forget the health care. Lots of Marines to make sure no one gets off and let the rot.
If you want to obtain a sweet rate of 4.5% on your mortgage, lower your payments and save your home despite your lack of credit worthiness, the tax-payers will give it to you – if – you agree to the terms.Under the conservative precept of "no governmental action is without unintended consequences," can you guys come up with something?You get the low rate and lower payments.
A little elaboration on what "house arrest" means:
- If you are responsible, your cash flow improves; you get out of debt and back on your feet.
- If you fall more than one month behind on your payment, per our agreement, we put you under house arrest until you get current. It could be a week, a month a year or more. That’s up to you.
- You go to work; then you go straight home.
- If you lost your job, you can go on job interviews.
- If you can’t find the job you want because those available are “beneath you”, you may want to humble yourself for a while and wait those tables because the more you fall behind on your payments, the longer you will be on house arrest. You may want to temporarily work TWO jobs if one doesn’t pay enough.
Didn’t you get the memo? DEBT IS NOW A VIRTUE.
Save the country—go into debt!
Maybe it would be better that they should simply die, and decrease the surplus population.
“Nice. But I do question how in this economic downturn, you think taking parents away from kids is going to fix anything?”
Keep them closer until they get removed for not having a means to support them!
Scratch that. It is not a remarkably stupid idea. It is a monumentally stupid idea.
You obviously are the authority on monumental stupidity.
“who would be outside of prison?
who would pay for all the new prisons and their maintenance?”
You at least have sincere affability as opposed to that petulent child who proudly uses “rude” in his name.
Best regards,
“Instead, put a few CEOs and hedge fund managers in gaol: that is where the accountability for this current mess lies.”
Wrong!
On mortgages, Congress forcing banks to loan to deadbeats and the people that signed mortgage papers without a large down payment and income short of the ability to pay are at fault!
Any idiot that uses a credit card and doesn’t have the ability to pay the full bill should be taklen to the cleaners!
Debtors prison is a good idea.
Don’t be so sensitive. Are you “MRARBITRAGE?” In that case, if it makes you feel any better, I haven’t seen such a stupid idea since Windows Vista.
“I haven’t seen such a stupid idea since Windows Vista”
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And I haven’t seen a more juvenile cretin since Bill Maher.
Ok, I can see I have your panties in a twist, so let’s dive to the shallow depths of this idea and examine the philosophical foundation of it all. Please share with me, and us, this notion that justice is dependent on circumstances beyond one’s control, at a point that slides depending on exigent circumstances?
No doubt thats publius321's goal.
It begs the question of why the government is involved in lending in the first place. If I sign a contract with someone to lend me money, the lender knows what my ability and willingness to pay are. If he lends money to risky borrowers he should take the risk. It’s none of the governments business.
“this notion that justice is dependent on circumstances beyond one’s control”
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This isn’t about justice; it’s about making people pay their obligations. The tax payer will give you a second chance but it will not be welfare. We will agree to help you pay a lower rate if you CHOOSE to take the new loan and if you don’t honor your commitment, you will be on house arrest (with exception to work) until you get current. The so-called American poor in this country are poor because of their own choices. When I drive through the HUD projects here in Florida, I see Direct TV satelite dishes hanging outside the windows. When I volunteer with children in the inner city, I find that most of the children have Nintendo Wii or the x-box. I’ve stood in line at the grocery store and watched people pay for their groceries with food stamps, then pay the cashier $200 cash for lottery tickets.
Enough is enough. I’ve had it with people who call themselves conservatives yet join in the corporate bashing as though this were the Huffington Post. YES, there are corrupt people permeating Wall Street and Congress - but they are a SAMPLE of a corrupt society that has exchanged the morality upon which this country for moral relativism and Darwinism.
The scapegoating needs to cease and people need to look at the moral epidemic in this world. Capitalism & Democracy work ONLY for a “moral and religious people”...”it is inadequate for the government of any other” according to John Adams and most of our founders.
I didn’t put forward my thesis out of disdain for anyone or for the sake of punishment. Unfortunately honor of oathes and covenants is a concept foreign to enough Americans that the system is imploding as our founders warned. My suggestion is one that may unfortunately be necessary to preserve the concept of credit going forward.
Because of our Godless society, the new “enlightenment”, the future is one in which posterity will talk in disbelief how once upon a time, “they used to be able to make loans to people based upon someone’s honor”, LOL! There is no longer any such thing as stigma or dishonor when it comes to bankruptcy or forclosure.
My plan looks at the reality that credit for many, not all, will not be sustainable if merely backed by honor and the Golden Rule. I assess the moral state and replace it with credit backed by the debtors instinct to continue with their narcissism. Knowing that if they default - they will deprive themselves of the pleasurable activities for which they live, they will move the debt installments to the top of their priority list.
Whereas they have no shame in going into default if nobody is going to have to know but themselves, it will be a different story if it requires brusing their egos as they have to tell their friends they can’t come out to play because they have the ankle bracelt.
Again, I’m not saying we should do this to people currently in default. I’m saying we should ALLOW people who cannot afford their payments, if they choose, to enter into this agreement with tax-payers so they can restructure at the 4.5% rate and/or extend the duration. If it makes sense to them to do so - they get a second chance. If they take their newly increased cashflow and buy new toys, then go back into default - they will go on house arrest until they get current.
I don't think people who make bad choices should be bailed out, but enticing people facing a bad situation choose an avenue of action that leads to something worse is stupid. Stooopid.
> On mortgages, Congress forcing banks to loan to deadbeats and the people that signed mortgage papers without a large down payment and income short of the ability to pay are at fault!
Actually, you Yanks are the bunnies that voted for these Congress-critters. You are at fault. As we say DownUnder, “sh*t flows uphill sometimes, in a strong wind.”
Maybe they should throw you into Debtors Prison for being so criminally stupid. After all, it’s you that is going to ultimately pay for all this.
Don’t blame the people who signed the papers for taking advantage of an opportunity to better their lot: that’s the American Way. Many great fortunes have been founded on less. In that respect, they’ve done nothing that Donald Trump hasn’t done a few times over.
OK it all makes sense now. Since my now ex husband chose to have an affair while I was a stay at home mom raising his biological, handicapped child (not my child) I should be in debtors prison until I can pay off the mortgage that was in both of our names. It’s bad enough that I’m still (5 years later) paying his IRS debt. Go away n00b.
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