Living Beyond Your Means
What happens when you go out and buy the sleekest car on the lot, then head to Jos A Banks and buy a new wardrobe, then head to the swankiest part of town and buy a 3 bedroom home with pool on a McDonald’s paycheck?
Someone gets really ticked off when you can’t pay your bills!!
They will send someone to come and get all the stuff you bought on your McDonald’s paycheck budget.
Now — listen up children — the Question is…
Whose fault is it that the above happened?
Well it depends upon what side of the political isle you live on. If you are a socialist liberal democrat, you believe it imperative to have everyone dependent on the government for everything, so you want their stupidity taken care of by the government. If you are a conservative republican, you believe that the government is not responsible to bail you out of your stupid mistakes.
I have been half listening to the liberal made up terror of something with the housing and sub-prime market and how the government needs to step in and bail out mortgage companies and/or mortgage owners. What I’ve been able to glean from all the chatter is that people are having problems paying their bills and the mortgage companies aren’t really too happy about. Wouldn’t blame them really. You entered into a contract with someone for a sum of money to be borrowed and now you’re complaining about the pay-back options?
Read.The.Contract.Before.You.Sign.Stupid.
If you were already robbing peter to pay paul “before” you bought the aforementioned house on a McDonald’s paycheck – I think you might need to continue to stay in the house/apartment/living arrangement you’re in for now.
When people buy above their means to pay, liberals use that as an indicator that people aren’t smart enough to manage their own money and want to step in and take over; making the decisions for them.
If you can’t pay your bills – YOU need to bail yourself out, not the government.
First – shut off the Digital Cable with 600 Channels. Cancel the TiVo subscription. Change the cellphone and house account to basic, or get rid of one. Trade in the sleek little car for a nice used model and ask the McDonald’s boss for a raise or more hours to work.
I’ve gotten myself out of serious debt by scrimping and saving and cutting back and so have a lot of people in this country. I didn’t cry to the government to bail me out because I have pride in myself enough not to want their interference.
Category : Socialism | Tags :
1Trelaina
wrote on 13 August 2007 at 6:31
When I look at these people begging to get out of their debts scot-free, I want to scream.
All the years of cutting back, scrimping, balancing loans…these people cry over a large mortgage payment they KNEW was coming?
When I bought my house two years ago I was offered an adjustable rate loan. It probably would have been a fantastic thing for us…a low payment for a bit to get us started, higher later when we were making more money and had paid off a few debts. I said “no thanks, give me the fixed”. Some risks are not worth taking.
2Jo
wrote on 13 August 2007 at 8:12
No kidding — ARMs scare the crap out of me. From what I’ve heard for years is the only reason to do an ARM is if you 99.9% confident the property is going to be sold before the rates go up, ie: house flip.