DIMS--Happily throwing OUR money around!
If you realize both parties in Washington think our money is theirs and you trust them to do the wrong thing, this list is for you.
If you think there is a Santa Claus who is going to get elected in Washington and cut a few taxes and spend a few trillion and jump start the economy, and get our lost money back, this list is not for you.
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Darn! I just refinanced.
Why didnt I buy a bigger house with a subprime mortgage? Why did I put a down payment down?
“All of us are paying a price for this home mortgage crisis,” Obama said in remarks prepared for delivery at a ceremony announcing the program at a Phoenix area high school.
I have a few stocks that are worth less than what I paid. Is the gov’t going to get into the business of making these investments lucrative also?
It's Brother Love's Travellin Salvation Show!
sw
Rush is talking about this now. This is only going to help the idiots who knew they couldn’t afford their damn house anyway!
The bad news is that at 31% of income the number of payments exceeds the expected lifetime of the mortgagee! Don't you just hate math?
Regards,
GtG
I know it seems like rewarding people for getting in over their heads, but do you want to live next door to a foreclosed house? Foreclosure gives looters, rapists and drug dealers a place to do business.
To all those who have stupidly lived within their means, paid their taxes, obeyed the law, I have one word: SUCKERS!
If each 9 million defaulters home was worth $300,000 that number really comes out of $27 trillion.
No sh!t, Sherlock.
Is there still time to take out a mortgage?
My house is already paid for.
Time to buy even more ammo.
Say farewell to the concept of moral hazard.
Say farewell to individual responsibility.
A new government agency for deadbeats. This will make Freddie and Fannie look like child’s play.
Had a look through the constitution to try and find the part where it authorizes the federal government to stick its enormous hand in the pockets of citizens in order to pay the mortgages of those who can’t do it themselves. Couldn’t find it.
But, then, the constitution’s become something of a joke these days, anyway. Clearly, no one in congress takes it very seriously. One wonders, in fact, if anyone on the hill has even read it; it’s highly unlikely that the president has done so.
Something has been puzzling me ever since the whole Freddie/Fannie debacle:
Barney Frank and Chris Dodd and every other leftist has been trying to convince us that this is “everyone’s” fault, that there is “blame to go around” and all that.
The dems have consistently portrayed the Republicans as mean, poor-hating richbots who have done nothing to help the poor, right?
So how can the Republicans be against the poor and at the same time are equally responsible for helping poor people who can’t afford them get mortgages they can’t pay for?
“Obama to unveil $75B mortgage relief plan (Why didnt I buy a bigger house??)”
You had the wrong ‘profile’
The democrats got these borrowers into this mess and they know it. Now they have to keep propping these dead beats up or they will lose their votes in the future. That’s the method to the madness.
My home and 8 acres is paid for, I have absolutely no plans ever to use it for anything, no loans, no mortgage, nothing ever.
I believe a home should be paid off as soon as possible.
And leave it alone, too many ways to lose it.