Now please don't jump to the conclusion that I have no sympathy or compassion. I do and I feel very badly for people in that situation. But all my life I have lived conservatively and did not buy something - house or otherwise - that I could not afford. I'm retired now, I still live conservatively and l still pay income taxes.
I don't like the idea that my taxes might be used to rescue people who made reckless decisions or commitments and borrowed more money than they could afford to pay back. No one held a pistol to anyones head and demanded that they sign those papers. They simply wanted more house than they could afford.
I feel the same about people who made bad investment decisions and then expected the government to bail them out. If the loss was due to fraud (Enron, Worldcom, etc), that's a different matter but if its just a question of greed overcoming common sense, should I be expected to make them whole again.
Am I all out of the milk of human kindness.
2007-12-03
09:59:34
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17 answers
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asked by
Just Hazel
6
in
Senior Citizens