By: Comfortably Anonymous
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Topic: History of this planet
That's almost as bad. A number of these taxpayers were ALSO the problem in that they were spending money on things they could't afford.
If people have lost their home because they were too lazy/stupid to understand what a subprime mortgage is, giving them $64,000 isn't gonna help. Similarly with those who have lost their jobs but now have no savings to fall back on, but still have a big screen TV, 2 brand new leased vehicles and a timeshare in Maui.
IMHO, give the money to (a) successful businesses and (b) people with a credit rating over a certain value. Rewarding failure, greed, stupidity or incompetance is just idiotic.
By: Comfortably Anonymous
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Topic: History of this planet
OK, then what about people like me? Bought my house definitely within my limit ($95,000) which is less than two years pay for me. Got laid off four months ago through no fault of my own. I've got an eviction notice pending now, but thankfully got a good paying job this week. So I should be able to deflect it.
But if it'd been another month or two, I'd have been living in a tent or something.
What about people like that? I know lots of them out of work now. Somehow it's our fault that the business they worked for getting caught in the depression?
What do you have to say to people like them, who didn't get dumb enough to get an ARM loan? (Just an Arm and a Leg loan... ;) )