Posted on 02/26/2007 9:53:40 AM PST by RobRoy
It also suggests, about halfway down, why ex-texan was premature in his prediction. Who knew how creative they would be to pump "qualified" buyers into the "supply and demand" formula, inflating the balloon even more, for a bigger "pop"?
ping
Fantastic Article. Thanks for posting it.
>>>People born into American citizenship or sworn into it have inherited a democracy debt – a kind of political mortgage – that requires payment, not in dollars, but in engaged and responsible citizenship, ensuring that those elected to manage the government do so in the public interest. People like Thomas Jefferson told us about the burden placed on Americans. But paying our democracy mortgage has declined over the past fifty years.<<<<
Deport 11 million illegal immigrants!
That would be 11 million less people using our gas.
The price of gas would come down.
Bring our troops home from Iraq to guard the border.
When they catch an immigrant crossing the border, hand him a canteen, rifle and some ammo and ship him to Iraq
Tell him if he wants to come to America then he must serve a tour in the military.
Give him a soldier's pay while he's there and tax him on it.
After his tour, he will be allowed to become a citizen since he defended this country.
He will also be registered to be taxed and be a legal patriot.
This option will probably deter illegal immigration and provide a solution for the troops in Iraq and the aliens trying to make a better life for themselves.
If they refuse to serve, ship them to Iraq anyway, without the canteen, rifle or ammo.
The author Hirschhorn, is not mentally well.
AlL right!!!!!! Let's turn back the clock to the good old days of the Carter administration!
Those are meaningless numbers. Without giving the new numbers with inflation adjustments and population increase adjustments those numbers are worthless.
And the bottom line of the story is that foolish people took out mortgages that they should not have.
At what point between 0-100% in taxes do you become a slave?
You bet. It has so many gems. I stopped voting last year and part of the reason is that I firmly believe what summed up here in the article: "Modern day aristocrats – an apt terms considering the many political dynasties in our ruling class - maintain the charade that America is still a democracy by letting us vote."
"They thought it was fixed, but it wasn't."
Foreclosure is the market's way of removing from the ranks of homeowners people who shouldn't own homes.
Guess he forgot that part from grade school.
We never had a "Democracy", which the founding fathers thought of as "mob rule". We had a representative Republic. Somewhere along the line we started calling it a democracy, once it was well on it's way be to becoming a Democratic Socialist state.
Check your Constitution, no version of the word "Democracy" is in there. "Republican" is, Art V section 4 4. The United States shall guarantee to every State in this Union a Republican Form of Government, and shall protect each of them against Invasion. (Kind of fallen down on the job, haven't they?)
Neither word is it in the Declaration of Independence.
When we were school kids, we pledged alliance to the flag "and to the *Republic* for which it stands".
There is that, and it appears, at least to me, that the author is a finite wealth advocate. If I get more he must get less.
That being the case, how come we are not all still living in caves?
While this column does contain a few nuggets of wisdom and food for thought, I got the impression it was mainly a class warfare manifesto. In the end, people screw themselves with their own reckless pursuit of instant gratification and material items. I am sick of government "protecting" people from their own stupidity.
Yup...pretty much. Sure, a few unlucky people who honestly had unforseeable problems may lose theirs too but at no more of a rate than usual.
>>And the bottom line of the story is that foolish people took out mortgages that they should not have.<<
I agree. But in 1928 and 1929, foolish people took out loans for stocks that they shouldn't have. The whole world was impacted though.
I'm upper middle class, and my annual taxes, total, are rounded off at 18% of my income. (Actual figures from '06)
You have no idea what you are saying. But if you believe that most of us here are ignorant and illogical that's your problem.
At least make your illustrations a bit more honest and less emotionally extreme.
Yup, folks will homes they could not afford. We were careful to buy what we could afford and now own it.
So our mortgage payments are 0% of what is earned.
Taxes, OTOH, they keep going up....
What a dumb article. We may all blame George W. Bush for many things, but how is it his fault, personally, that so many people who don't bother to read their mortgage applications are now having problems?
Yep. I've been sayin' this for a long time. This is why Nancy Pelosi and the Dems can give us a wage hike. Our elected reps have mortgaged us to the hilt so they can buy votes and sell America out. It's past time to clean house on BOTH sides of the aisle!!
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