Entitlement

[Nathaniel Peete Jr.]

Its amazing to me the feeling of entitlement in this country. Theres now a group of liberals wanting to pass legislation for the government to bail out the Americans with foreclosed homes and sub prime loans. This was definently a sad happening and the housing market (and overall American financial markets) have felt the sting of all this in a unbelievable way already. The fact is every loan (or debt) has risk and if we use our tax dollars to bail these Americans out where does it stop? Few payments late on a car payment?Need help on student loans? Lets ask the federal government!! This is ridiculous. Where's the personal responsibility? Most of the foreclosures are from wannabe real estate investors anyway. My solution in the matter would be to let the financial companies re-adjust the loans with their clients and give them loans more affordable (fixed maybe). This creates a win-win situation for everyone in the long run.

[WaliaInc]

Educations is also key. Just like everything you buy you should do some homework before making a purchase. That includes doing the math, what's your net worth like? How much should I save? What happens if I get laid off, what is my emergency strategy?
You're right we shouldn't pay for someones who isn't responsible, this is something like welfare.