Once again, Congress is gearing up to punish the financially responsible. The House has passed the bankruptcy mortgage bill.
How many homeowners obtained mortgages they knew they could never afford, with or without the complicity of their lenders, and now anticipate lower interest rates on homes that Congress is going to ensure they can afford by taking money away from those who live within their means? What happens when the owners of these new mortgages cannot make the reduced payments, either? Will Congress use our money to buy their houses for them?
Both candidates talked about the “greed and corruption” on Wall Street during the presidential debates. Months later, where are the indictments? Was their tough talk just another dog and pony show, staged for the poor, dumb taxpayer who can’t understand the complexities of doing business in Washington?
We are spiraling into a depression because there is no hope. There are few jobs. There is no confidence in a Congress who turned its back years ago, then gave our money to the wolves that created this mess.
We can’t wait years for an absurdly conceived, pork-laden stimulus package to generate short-term federal jobs that will keep only the government afloat. There is no more time. Green golf carts? Art projects? Less than one billion dollars allocated for small business? Congress has lost its collective mind, and it is the duty of every citizen of this country to remind them who they report to. Let them know how you feel about paying for mortgage relief.
Enough is enough. We are losing everything out here.