Its BS why should i be forced to pay higher taxes when i am trying to find a second job to pay the rest of bills off..

but obama wants to GIVE every illegal mexican and poor person a new FREE deal refinanced and paid for by the us government..

let me ask this
why should i even bother to report my income now..
Since the IRS is run by a tax cheating scumbag
Sicne the IRS is so screwed up they still have never been able to send me the 1200 dollars from last years stimulis..

Probably was sent overseas to buy condoms for the kennedys playmates or barney franks..

the irs is so screwed up they offered to send me 6 dollars for my trouble (i waited 8 months)..

I actually called the MORONS back and told them to
a keep it ..
b. do they need help re-writing their database system>?
c. just like social security if and i mean IF
any of it ever shows up in the next 10 years..

I might be able to pay my electric bill..

Morons..

Homeowners also are eligible for $1,000 annually for five years for remaining current on their loans, according to the plan. The cash will be applied to reducing the principal balance of the loan, according to a White House fact sheet.

So, if you get one of these loan modifications and you stay current on the loan (which you are supposed to do), you can get $1,000 annually for 5 years to apply to the principal of the loan. And, of course, the money comes from us, the taxpayers.
But, what if I stayed current on all my payments since I bought my house 4 years ago? I’ve never been late or missed a payment. Can I get $5,000 to apply to the principal of my loan?

The honest, hardworking guy who does things the right way keeps getting the shaft.

Also, by government intervening and artificially propping up home prices there are unintended consequences. Think of all of the young families who are trying to buy their first house. For the last several years home prices were way too high for them. So, they waited and probably saved money. And, just when the bubble bursts and those homes start to come down into their price range the government steps in and props up home prices. And decent people are kept out of the market so we can save the homes of people who were irresponsible.

Looks like they are getting the free gas and housing they voted for huh? Un f’n real.

So, in a nutshell, if you were responsible and got a mortgage you could afford and paid your bills, you will be punished by having your money taken by force, and given as a reward to those who were irresponsible, or broke the law by getting a mortgage they were not qualified for. Brilliant.

Vashta.Nerada on February 18, 2009 at 1:42 PM

Isn’t it just a slap in the face? I am a single mother with a son in college, and was unemployed for a year just a few years ago. At the time, I had a first AND second mortgage on our home, but never was even LATE, let alone ever missed a payment.

I’ll be damned if I am going to pay for the lazy deadbeats of Obama’s “victim” class that he is so anxious to pay for everything little thing fcr them.

No one has ever helped me and I never expected anyone to. I am a RESPONSIBLE person.

We need to go after the heads of ANYONE who votes for this crap.

I am PISSED!!

Wow, what an idiot I am for paying my bills on time…and my taxes for that matter!

Ever heard of a paint brush? Soap and water? A little elbow grease? You’d be amazed what those 3 items can do to what you call “crap”. Maybe you need to “reboot” your thinking.
Knucklehead on February 18, 2009 at 2:45 PM

On average, the cost to rehab the houses I was looking at was $30,000. I can’t make a 20% down payment and outlay $30k in cash to fix a place up. (And I’m not talking replacing wallpaper; I’m talking replacing damaged plumbing, foundation repair work, holes in wall, gutted kitchens, etc.) It’s incredibly depressing. And you haven’t answered my point.

scalleywag on February 18, 2009 at 6:15 PM –

Spent all of last week and then some down in DC…and there IS another “stimulus package” being put together in Congress, and it looks like even another being drafted in the White House for submission to Congress. Heard at least a dozen times, if not more, that the “stimulus” Obama signed into law (yesterday) was not enough and merely a first step or initial step toward “full economic recovery.”

What I heard from the Republicans I encountered was that there is no way to stop this juggernaut…at least not in the near term.

OUTRAGED!

JeffVader on February 18, 2009 at 5:37 PM

I wonder if the medical community has ever done a study on politics as to how it affects people’s blood pressure? haha. I know stuff like this can’t be good for the heart because it makes mine boil.

coldwarrior on February 18, 2009 at 6:10 PM

Right. Just another program where there’s no way to hold anyone accountable to do the right thing. What’s he going to do, appoint a “don’t rip off the taxpayers with your mortgage bailout money czar”. How’s that going with the automakers? Geez.

I’m no economist but I’m getting tired of dropping my jaw at all these hair brained schemes our new government is throwing at us. And is the money in addition to the “shoveitatus” bill, or is that part of the great plan?

Anyone working on this already?

ksm on February 18, 2009 at 5:11 PM

I seriously doubt you’re the only person who thinks this is a great idea. People are getting more and more fed up every day.

scalleywag on February 18, 2009 at 6:03 PM

Well, of course, these folks will immediately remunerate the federal government for any and all profits made as a result of the federal government enabling them to make that killing, right?

Any monies received in excess of the actual initial cost to the government for that bailout would thus be returned to the federal treasury, right?

It’s only fair, right?

Or am I wrong…and these folks will scream to high heaven till the cows come home about how unfair it will be that they’d have to pay back anyone, let alone the federal government, just because they made money for free?

has anyone seriously considered moving overseas? I don’t mean just a fleeting thought, but serious consideration.

donnak on February 18, 2009 at 4:19 PM

Not overseas but I’m seriously thinking of taking my retirement dollars to Mexico where I can actually live on them.

Since his election, the market has dropped over 2,000 points, largely over issues out of his control.

Ed, is this some kind of liberal creep showing up again in your writing? Don’t most conservatives believe that the market is not under anyone’s control?

People who took those kinds of risks should assume the burden of their own bad decisions

Should they? Not according to our president. So what happens if the price of these homes go back up, we’re paying for people to make a killing on real estate?

So lets see if I’ve got this correct:

My wife and I have skimped and saved, ( living below our means rather than above it ) since 2001 when we noticed that housing prices were rising at unreasonable rate. We lived like it was a depression; drove 25 year old economy cars, kept the house at 61 degrees in the winter, seldom dined out, and did most of our shopping at Costco. We were saving just as our parents and grand parents had done for the inevitable correction in the housing market.

Now our government is going to reward those that have lived beyond their means, those who purchased new cars, boats, motorcycles, or jet-skies from capital through refinanced mortgages. Slow the correction until inflation ruins the value of our savings. And on top of it all it is my tax dollars that will enable it! OUTRAGEOUS!

Will the irresponsible home purchasers pay a price for their actions? Is the government going to:

require these people to divest themselves of these assets purchased through the refinancing…Nope!

require that these folks declare bankruptcy? Doesn’t look like it!

Will we the tax payers get a piece of the appreciation of the sale of a “crammed down” house? Nope! In fact, according to the Obama administration’s Christina Romer says, we will all be repaid by getting an improved economy…….

OUTRAGED!

rockmom on February 18, 2009 at 3:41 PM

rockmom, do you have a link to the actual plan, I’d be interested in reading it.

Thanks!

How would we build the political groundswell in the states that want to regain their freedom? How would we divide up the national debt, who would own what nukes, etc.

We would be for free people and limited government, like the founding fathers wanted.

No question that a vibrant “Consitutional States of America” could quickly leave the moribund liberal states in the dust in terms of quality of life and economic growth. Perhaps more of the blue states would choose to join us over time as the old US proceeds down its path.

Anyone working on this already?

There are many such people and many such deals. Why should they be demonized?

Edouard on February 18, 2009 at 4:16 PM

I don’t demonize them nor do I want to assume the costs associated with their risk.