Ok so I pay my mortgage by eating peanut butter and jelly sandwiches for two months, and those nitwits who are living on credit cards in houses they cannot afford get a handout. This disgusts me.
Earlier plans had the Fed working with banks to lower payments by adjusting interest rates or lengthening the term of the loan. That I can agree with. So Joe Sixpack who bought a McMansion has a 50 year loan on it now. The banks get their money (eventually) and no taxpayer money is spent.
But now the Socialism kicks in. Joe Sixpack gets a big fat handout instead of an adjustment. And where is the money coming from? It's a inflationary tax. They tax us by making our money worth less because they are just making more of it. A $50 billion dollar handout.
Once again stupidity is rewarded. The banks that make billion dollar mistakes get money from the Fed for nothing. Those banks that were financially responsible got nothing. Now homeowners that didn't think if they could afford the house are being rewarded. People like me who kill themselves to make payments get nothing.
To me socialism rewards the stupid. Have too many kids, enjoy welfare! Can't hold down a job or better yourself to keep the job you have, then you get unemployment insurance extension after extension.
Someone needs to fill in these bleeding heart liberal nitwits that life is not fair. You get hooked on drugs then you die. Have too many kids you go hungry. Too dumb to have health insurance then you stay sick. Stop making me pay for your programs. I got enough to worry about without paying so illegal immigrants can get licenses to drive and free health care. Fuck 'em I say.
I can't be bothered to reward stupidity. Praise your puppy every time he shits or pisses in the house and see what that gets you. Same thing here.