Sunday, September 28, 2008

Economic Bailout

It's really pretty simple when you think about it:

  • I buy a house I CAN AFFORD.
  • I make the payments the bank and I have agreed to--I've never missed one.
  • I regularly save and plan for the future.
  • I pay my bills--including paying off my credit cards each month.
  • I don't live above my means.

I'll be the first to admit that I have had some breaks in my life, but no one has handed me anything. I've worked--gone to school--taken on responsibilities at work--and it has paid off. I have been blessed, but that doesn't mean I'm just "lucky" or "more fortunate" (versus "less fortunate") than others.

wallstreetOn the other hand, if you buy more house than you can afford, take out a mortgage for way more than the house is worth, PLUS live on your credit cards because you think you DESERVE a particular lifestyle...and then end up losing your house--no problem! The government, i.e. ME and tens of thousands of other responsible adults will bail you out. We don't mind paying our mortgages AND YOURS, too!

This whole economic crisis thing really ticks me off. And what really burns my butt is that the people that orchestrated this whole mess (bank CEOs, lawmakers, etc) will walk away unscathed. Someone needs to go to jail!!! By the way, I have to pay for that, too!


butros said...

ya know, this has been my sentiment exactly... as much as we (the american public at large) like to complain about economic hardships, the people saying its our own fault are few and far between. sure, the politicians are doing little to help us out in the crunch, but not many people have the, dare i say, testicular fortitude, to tell the american people to buy what you can afford! how silly is it for us to actually believe if we buy stuff we cant afford with money we dont have, that the the economy is ok?? its ridiculous... its all messed up. maybe an economic meltdown would do this country a favor? i dont really want it to be that way, but sheesh. somethings gotta give...

Baxter said...

I think the government ought to be asking the public for their input on what to do. Actually, it would be nice to see them on their knees asking God for "wisdom from above", express their need, and repent of the sins of this country, you know, the same thing that made this country like none other.

Keith said...

Baxter: You mean something like: "If my people who are called by my name will humble themselves..."?

It'd be pretty sweet if that happened.

Baxter said...