The government of the United States of America, the people that WE voted into office, have determined that they are going to save us all. At least that’s what they’re telling us. Are you buying it? I’d say that they majority of sheep are most certainly buying it.
Congress has sent a bill over to the House of Representatives that is going to take our tax money and bail out people who bought something they couldn’t afford. They’ve bought something that was bright and shiny and told in plain English (or just press 2 if you won’t learn our language) that in three to five years your big, bright shiny new toy wouldn’t be THIS much per month, but would be THIS much per month. The payment on your new toy will go UP in a few years from this much to this much. Now, they’re claiming they just didn’t understand and they were “tricked”. Uh-huh.
That’s right, it’s their house. It’s the house they bought that they just COULDN’T live without. They had to have it. They knew they could afford it now with this nice low adjustable rate, but only HOPED that they would afford by the time that the rate adjusted. Well, surprise. They couldn’t afford it. So, our government has decided that these people must have been tricked. Surely, they were deceived by the big, bad mortgage companies and banks that follow FEDERAL regulations.
Well, I say bullshit. They weren’t deceived and they weren’t tricked. They wanted to live higher than their means and they wanted to have the house off MTV cribs that they couldn’t afford. They wanted it NOW and they got it. They should have to pay the consequences. Period.
Let’s be clear, if you haven’t read my other posts and you don’t know this already, the government doesn’t make ONE RED CENT. Not a dime. That money that they are bailing these idiots out with is my money and your money. The tax money that our government will be paying for this with is MY money and I don’t want to pay off some morons mortgage.
First of all, they received a good faith estimate. For those of you who don’t know what that is, it’s the estimate of every dime you’ll be spending on your upcoming mortgage that you receive at the FIRST contact with your loan officer. Up front and before you sign ONE thing. Then you have 30 to 45 days to close. During that time, you have an appraisal, possible a survey, possibly a home inspection, you meet attorneys and more time with your loan officer. Each one of these people go over some portion of information that would let you know if this was or wasn’t a good, solid investment. We haven’t even touched on if you used a Realtor and that they would go over ALL of this one more time.
Then, at the closing, you receive a folder that is around one inch thick that goes over every one of these things ONE MORE TIME. In minute detail. Your payment, your loan, your interest, your appraisal, your HUD statement, your good faith estimate (AGAIN), your interim interest if there’s any, etc… It’s NOT rocket science and it’s very clearly defined information. They understood perfectly and they still choose to purchase these homes. So, why is it that our government thinks that they have the right to redistribute wealth that way?
This new bill would give, ya ready?, $300 BILLION (that’s this many zero’s 300,000,000,000.00) to people who made bad choices. Can you even imagine? And surely you haven’t convinced yourself that it’s a good thing. Do you think the government is going to let that money just go away? Smack yourself for me if you did. They’ll just tax us MORE.
And I’ll give you one guess as to who gets to fund these 300,000,000,000.00 in loans. One guess. That’s right. Fannie Mae and Freddie Mac. Those are government owned entities. So, not only do they get more tax money, they get the interest from OUR money on 300,000,000,000.00 dollars. I just love typing our all those damn zeros!
I have one more warm, fuzzy that goes with this blatant socialist bill. Gear up, you’ll need it! The government is ALSO allotting itself quite a few billion to buy foreclosures themselves and fix them up for resale. So, what they’re saying is that they’ll pay off about 400,000 of them for people who were stupid and it’ll divert the American people from the fact that the government just opened the door to purchase housing that they can lease to the American people. Closer and closer we creep to an Orwellian future.
I’m sure they’ll rent them at a very cheap rate, too. At first. Once they have enough of them, they’ll shoot the rent up and then what? We’ll have people getting government housing allotments, government food allotments, living on government owned land, having Universal Health Care where the government owns the doctors and all our medicines, etc… See a pattern? And just for you Obama, we want change, chanters, he’s one of the biggest proponents of a socialist United States.
This bill also provides much more relief for those that don’t need relief. It provides for more than one billion in investor loans that not only will receive a reduced interest rate for purchasing these homes but will also give them a tax credit. Do you know any investors with that much cash who need a tax break? Seriously? And what’s more, it calls for property tax relief for people who don’t itemize. HUH? That means that people who have a home that’s paid for, and AREN’T getting foreclosed on, just got another tax deduction. So, the people who REALLY need the deduction will be making that up on THEIR taxes.
They are taking from the American people and making most of us dependent in some way on them. Now, they are taking our money and paying off people’s homes that they can’t afford by their own poor choices. You know what? If we continue to allow this crap, maybe we really ARE too stupid to make our own decisions….
It’s amazing