What a fool I’ve been – scrambling, scraping, working overtime, working extra jobs, doing without, and tightening the proverbial belt. In my foolishness I’ve made some pretty difficult financial decisions that will help ensure I can honor all debts I have accrued, pay back every cent of money I have borrowed, and try to keep the promises I have made.
What I should have been doing was selling my home and buying a much bigger, more expensive one – with a mortgage I knew I would not be able to afford! Because that way I could just sit back and let the federal government “bail” me out. And now the latest “rescue” – McCain wants to spend 300 billion dollars (of TAXPAYER money) to have the government buy up so-called “bad” mortgages, lower the value of the homes, and then issue correspondingly new lower, more “manageable” mortgages that reflect the lower home value. Brilliant, simply brilliant. (Gee, that won’t have any market-effect on home values, will it…….) Meanwhile, like some kind of faux-Steinbeck character, I plod along hoping to see the light at the end of the tunnel before I die and maybe getting a chance to “tend them rabbits”.
I think if I had any brains at all I’d just stop making my mortgage payments right now. But instead, I have created a short self-quiz in honor of the debate.
After listening to the Presidential debate tonight I must admit I feel like a complete:
a. idiot
b. sucker
c. schmuck
d. all of the above
…I think I’ll choose d.
P.S. For those of you entranced with the rhetoric of “change you can believe in” – you should be careful what you wish for. Because you may wake up some day after the election and realize you should have asked a few questions about what kind of change you were getting.
Tags: bail-out, change, debates, foreclosure
