Talk about some crazy mortgage bailout plans. The next stop on the rape and pillage of the American Tax Payer. The bail out of more idiots. People who bought more house than they could afford, in all likelihood with the expectation of never staying long. With the expectation of riding the fairy tail housing bubble into the greedy oblivion.
Now comes word that Obameconomics wants to spend 275 billion dollars of my money to bailout 9 million homeowners who bit off more than they could chew. How much is that you ask?
That's a $30,000 blank check to save greedy people who can't run their own finances. That's just under the average yearly American Wage. And that's after tax money.
Plus, get this, homeowners who stay current on their new reduced payments would GET A CHECK FOR $1,000 a year.
Somebody pinch me? This has to be a joke. Giving money away when you pay your bills on time?
Exactly how do I sign up for this? This is so sad. So very sad that idiots are giving money to idiots while the people left holding the bag are the idiots by proxy. Me. We have officially gone way beyond moral hazard. We have now entered the Twilight Zone.
See, Happy -- paying your taxes and your bills has become the province of chumps. Responsibility is apparently entirely overrated.
ReplyDeleteIf we go off and form our own Galt's Gulch, will you cover the medical services? We'll even make it a NON-SMOKING gulch, just for you.