Where's my bailout?
Today while browsing through the various news sites, I came across this little dandy on CNN. I don't know about the rest of the country, but when I hear about people who took out these stupid mortgages getting bailouts, it really ticks me off.
First of all, while the mortgage brokers clearly have some of the responsiblity for the large amount of forclosures, so do the people who actually agreed to these things. I'm sorry, but people need to take responsibility for their own (stupid) actions. If I break the law and get caught, I need to take responsibility. If I take out a stupid loan for a house that has horrible terms, I need to take responsibility for that. I know it is harder now to declare bankruptcy, but these people should not be able to get out from under what they agreed to.
How about making it easier for people like me to actually own a home, before bailing out people who grabbed more than they could afford? How about helping the person who just wants to own something , before giving a free ride to someone who doesn't deserve it?
Better yet, I have $90,000 worth of student loan debt - why doesn't the government bail me out of that? If they did, I might actually be able to afford to live in DC!
All I'm asking is that the government give out benefits to all, if they are going to give out anything at all.