Is it fair that the government spends 300 Billion to bailout mortgages?

Question

Do you think it is fair to the American people to have the government bailout bad mortgages with 300 Billion in tax payer money. I wanted a house, but I did not buy one because prices were too high. Now I rent, but those that chose to buy houses they could not afford are getting the reward with my tax money. How is this fair?

Answer 1

It's not.

Everyone involved screwed the pooch, everyone involved should have to pay the price.

Just another example of the government rewarding failure and punishing success.

Answer 2

The money is being spent more to aid the economy than to help out specific borrowers.  Is this the best way to spend that money on the economy?  That is a very different question, but let's be sure we are seeing the face of the matter for what it is.  Those defaulted loans halt the flow of wealth and a healthy economy has a positive flow of wealth (like chi in a feng shui home if you'd like).

Answer 3

NOT FAIR.

These are self inflicted failing choices by banks and consumers. Americans need to stop biting off more than they can chew.

Answer 4

No.The bailouts are always for elitist bankers,not average people,so you know.Even then it would be wrong.It's Socialism.

Answer 5

It won't bail out the people as much as it will bail out the lenders. Banks, etc.

Answer 6

why not? It is still a lot less money than that spent annually on the costs of the illegal immigrants from south of the border annually. It isn't right to have to spend this money on them, at least the mortgages are usually from legal citizens of this country.

Answer 7

It's not fair, and congratulations for being one of the few responsible ones.  The folks who bit off more than they could chew are being rewarded with our tax dollars for making a stupid choice.  We are paying for their lack of personal responsibility.  A test vote on the Senate floor on the issue passed today.  President Bush has vowed a veto if it is passed for real.  However, the liberal Congress will surely get it through.  It's gonna stink to be responsible, successful person for awhile, I'm afraid.