What should today's kids learn from a Congress that bails out people who got more house than they could afford

Question

What should today's kids learn from a Congress that bails out people who got more house than they could afford

Answer 1

That it is a-ok to live beyond your means, that someone else will pick up the tab when you s***w up.

Answer 2

they should learn that compassion for your fellow men is a good trait. That it is not always "me first". Like they teach you in the military, you are only as strong as your weakest link.

Answer 3

Many could afford it before their jobs left the country.  The children hopefully will have learned to think when they vote.  Friends do NOT let friends vote republican.  Their lives as well as their homes and jobs may depend on that choice.

Answer 4

they have learned a lot in the last few years.  for example:  

China is the new Big Cash Express loan place,  

if your neighbor might possibly be a minor threat,  attack him,  

subpeonas are to be ignored,

NEVER talk to  potential adversaries,  always threaten them

go hunting with your friends and blast the h**l outa them

go borrow money and buy a house,  sign 75 papers that are written in legalese,  the bank then raises your interest rate 15 times within 2 years

and never forget that "we will not use our military for nation building"

Answer 5

They were told they could afford it. Not everyone is the genius you apparently seem to be.

Answer 6

That we should stop exporting all our jobs to third world countries and end the H1B program.  We have nough foreigners taking our jobs so Americans can't pay for their houses but foreign investors now can for pennies on the dollar.

Thanks, Republican Congress and Republican President for the mess that the Democrat Congress is trying to remedy.

Answer 7

Its ok to be irresponsable

Answer 8

Regardless...if you're a homeowner, you better be glad they bailed these people out. It will result in more money in your pocket.

Answer 9

Just another case of lack of personal responsibility.

Greek Goddess, one problem with your comment... responsible people already KNOW what they can afford to spend, and don't need mortgage people or bankers to tell them that they can afford more than that.  Responsible people put off purchasing a $400,000 house when they realized that that was too high a price.

Granted, there are SOME who deserve to be bailed out due to being ripped off by deceptive loan practices, but that number is fairly low compared to those who just plain didn't use their intelligence.  Rule #1 in economics... do not take out  adjustible rate mortgages.  They will ALWAYS go up.