This is bull! The government is so stupid. Those people who made responsible decisions don't get any kind of break. I am ready to find a job where I will be let go so I can collect unemployment, which will allow me to get a loan modification for a lower interest rate, and a free $8000 from the government.
I don't' mind the $7500 "loan" in 2008 but it is Bull that the government is giving $$$ that doesn't have to be paid back in 2009. Not only are they handing people free money to buy a house (unlike the responsible citizens in this country), but they are giving it to people who are going to gain the most equity immediately in their homes if the market does rebound. I am all for giving them a loan, but with no repayment. We are already a trillion dollars in debt as a country. Oh my God, when is it going to stop.
No wonder the housing crisis happened. Our government is a horrendous example of fiscal responsibility. Our government is sending the message to the general public, there are more benefits than consequences if you set other people up to fail. Just wait for your neighbor to screw up.
Additionally, look at how much we are spending. We are spending money we simply do not have! I don't understand how that teaches the American people anything. Basically, if you don't have the money, borrow it and then more and more, it will be okay. I am sorry, isn't that why we are in this predicament in the first place. People were living beyond their means, now our government is living beyond its means. Even if we taxed every person making more than 100,000 dollars a year at 50%, I don't think we would be able to pay back the debt we are incurring, particularly when we are taking that tax and giving it away for free to people who barely contribute to the tax fund anyway. We are not a socialist country and I don't want to be. I wish I could decide who to help and who not to help. I am a bleeding hard liberal most of the time... but damn it, this is just stupid. Maybe it is time that I turn into a republican, because even though they may screw the little person, they make people work for their benefits at least.
