News today from Bank Of America epitomizes all that is wrong with the United States. Bank Of America is forgiving the principal on mortgages by an average of $150,000. If this doesn't make you puke, then you must be one of those getting the handouts. There is zero wonder why we are turning into a fat, lazy country. Can't find a job? The government will pay you to sit at home for two years and pick your nose. Don't make enough money to buy food? The government will give you a card to buy your food, and has been issuing these "food stamps" in record numbers. The government offers little reason to get off your couch these days. Is it any wonder why the job market isn't improving?
If your neighbor is at his, haven't made a mortgage payment in two years, $450,000 home on his $4,000 couch, doing nothing but collecting his free checks and food from the government while scratching his ass and watching the NBA playoffs on the 50 inch LCD he bought with the second mortgage his bank forgave, why the heck am I going to bust my ass in this messed up country? If I didn't have kids or a family and after reading about all the free handouts everyone else is getting, I'd have a tough time staying the course. I have always worked hard, and with my family to take care of, I will always work hard. But now not only am I supporting my family I am supporting every bloodsucker out there. If I don't pay my taxes who else is going to fund the losers? I hate to put it that way, but there isn't a much softer way to put it.
The government seems hell bent on breast feeding the losers and milking the hard working winners dry. How many people planned for this day when Bank of America decided to hand out at least $150k to the most irresponsible people in this country? How many people purposely stopped paying their mortgage so they would qualify for this hand out?
I saved up my money. I made an honest downpayment. I bought a house I could afford, through thick and thin. I have never been late on a payment. I'm a winner, why do I feel like such a loser? How can someone who saves his money and does the right thing feel like a dumb schmuck? This is why we are f*&^ed as a country.