Consequences...

The problem with Americans is that we do not seem to have to face the consequences of our actions. The following rant stems from recent legislation that assists those homeowners facing foreclosure (article). Mind you, I think it would be terrible to have thousands of homeowners chucked to the curb. However, there has to be consequences to ones actions.

Four years ago, I purchased my second home. At the time, the bank approved a mortgage $80,000 above of my comfort zone. Of course, the realtor attempted to show me homes at the top of my approved amount but I put my foot down. I was smart enough to figure out what I could afford with my current earnings. Additionally, I looked at a worse case scenario and figured out what I would be comfortable paying at less earnings. I also avoided interest-only loans as if they were the plague. My thinking was not rocket science so how did others fall into the trap.

American society is riddled with folks who want instant gratification and too much is never enough. Many of the people who are being bailed out had no business getting into the homes they are being kicked out of. Why would one not make the mortgage the priority payment? If I were to lose my job tomorrow I could find any job at any salary and make sure I could pay my mortgage. The rest of my bills can rot…the roof over my head is priority.

I am tired of being responsible in an irresponsible society. The hardworking responsible people are going to pay for the ignorant decisions of others as usual. In addition, the irresponsible people will have their entitlement fulfilled. Because we all know that, it isn’t the fault of the people being foreclosed on; they did not make the decision to buy out of their comfort zone. Those damn mortgage people did this to them so they are entitled to assistance. If that is the case, let’s call the law what it really is “Assistance to Stupid Subjects of the United States” (ASSUS).

When will there be legislation giving the responsible people a tax break for not causing a burden on society? When are the responsible people going to see the consequences of their actions?