Tilted Forum Project Discussion Community - View Single Post - Who do you blame the current financial mess on???

Slims · 11-26-2008, 11:44 AM

It's our own fault. Regardless of what we *want* we cannot afford to keep spending the way we are without serious negative consequences. I live a fairly simple lifestyle. I bought a renovated military barracks because though it was ugly, I could afford the payments. Why are we not blaming the people who purchase 200,000 dollar homes with a 30,000 dollar income? How can you be that stupid? Granted, the banks should have known better than to take the note, but the first people in line for blame are those that signed along the dotted line and promised they were able to make the payments.

And now this bailout has become absolutely ridiculous. We need to cycle through a recession and credit crunch without artificial and unsustainable support from the government. It will force everyone to start living within their means, wether they want to or not. Of course, we also need to force the government to not overspend.

Oh, and I am crying crocodile tears for people who are *stuck* because they are putting their money towards paying their contractual obligations, and I have even less sympathy for those who duck those obligations altogether simply because their house has declined in value. I can't express in words how much I resent MY tax dollars going to help bail people and companies out of this mess because they were irresponsible and we dont' have the spine to let them reap what they have sewn. I feel like those who have not been fiscally irresponsible are being penalized.

11-26-2008, 11:44 AM	#3 (permalink)
Slims Eccentric insomniac Location: North Carolina	It's our own fault. Regardless of what we want we cannot afford to keep spending the way we are without serious negative consequences. I live a fairly simple lifestyle. I bought a renovated military barracks because though it was ugly, I could afford the payments. Why are we not blaming the people who purchase 200,000 dollar homes with a 30,000 dollar income? How can you be that stupid? Granted, the banks should have known better than to take the note, but the first people in line for blame are those that signed along the dotted line and promised they were able to make the payments. And now this bailout has become absolutely ridiculous. We need to cycle through a recession and credit crunch without artificial and unsustainable support from the government. It will force everyone to start living within their means, wether they want to or not. Of course, we also need to force the government to not overspend. Oh, and I am crying crocodile tears for people who are stuck because they are putting their money towards paying their contractual obligations, and I have even less sympathy for those who duck those obligations altogether simply because their house has declined in value. I can't express in words how much I resent MY tax dollars going to help bail people and companies out of this mess because they were irresponsible and we dont' have the spine to let them reap what they have sewn. I feel like those who have not been fiscally irresponsible are being penalized. __________________ "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." - Winston Churchill "All men dream: but not equally. Those who dream by night in the dusty recesses of their minds wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act out their dream with open eyes, to make it possible." Seven Pillars of Wisdom, T.E. Lawrence Last edited by Slims; 11-26-2008 at 11:47 AM..