It fits right in with their ridiculous socialist philosophy: take money from the responsible to give to the irresponsible. It goes along with expanded social welfare programs (take from the hard-working taxpayers and give to those too lazy to get a job). They think that everyone should own a house, even if they can't afford it. Well, if they can't afford to own a house, let them rent! I rented for 20 years before I could afford to buy a house. But they don't see it that way. They want everyone to be ';equal.';
As a new homeowner, I purchased a house I could afford, took a fixed-rate mortgage, and make my payments on time. Now I'm being told that I need to shell out more of my hard-earned money to bail out those who bought more house than they could afford and can't make the payments, and those who didn't realize that a adjustable rate mortgage was going to adjust UP at some point. The liberals think that this is my ';Patriotic duty'; and that I should help those more foolish than myself. They want to ';spread the wealth'; to those who made poor choices.Why would Classical Liberals be FOR government assistance to people who can't pay their home mortgages?
It is the ';nanny state'; they have grown up to believe in. Sad, sad, sad. Those who can't pay, should have never gotten a mortgage to begin with. I must add, that does not include those that have tragically lost their jobs in this economy. I remember when one HAD to put at least 20 percent down before even being eligible for any mortgage.
because 1. they best way to judge a country is how they treat the poor.
2. id love to see reps taking care of the huge influx of homeless ppl on the street and all the businesses that would go bankrupt because no one can afford to buy their produc, then the glorious free market would fall, they would get scared and ud have to nationalize the banks and corporations again
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