Next let’s bailout the states…Not!

The government’s plan to bailout homeowners and banks got me wondering as to who is next? And my God, I think I know who… our local state governments. How many states are currently struggle with budgets? I know in New Jersey we hear about it all the time along with the crazy ideas to try to raise revenue (via NJ Turnpike toll increases). Well, Governor Corzine, I’ve an idea for you: why don’t you take our huge deficit and run to the Feds; they may just come to our aid. And why only NJ; Governor Schwarzenegger, you may want to try it too. But all kidding aside, this is getting bloody ridiculous! Am I the only one who thinks that when you take a loan, knowing that you cannot pay it back, you should suffer?

People who brought homes outside their budgets should lose their homes. It’s not my fault that they chose to go beyond their means; so why would I or the future generations pay for their stupidity? Equally, these financial institutions that gave out mortgages to people with little or none collateral have to pay the price. If their investments tanked, why should I be held responsible? I have a question for these bankers: if the home prices were still going up and you were making a hefty profit, would you have shared some of those profits to help reduce the deficit? I think not! Yet, our government thinks it fine to burden us with further financial losses simply to help out the greedy banks.

Truly, its time we start to take our responsibilities; seriously, whether it be a state, bank or homeowner, we have to step up. We are in such a financial mess that I feel sorry for whoever takes over in January. We can’t just erase the problem by pumping more money into the economy; all that does is to just increase the deficit. After all, when we are behind in payments, we can’t just borrow more money to pay back right? So, why are we doing this as a nation? And eventually who will be paying for all this mess? Me? My kids? My kids’ kids? Instead of just borrowing and borrowing, how about cutting? We have to spend our money wisely. We have wasted too much money on trying to fix other people’s problems (see Iraq) that now our own huge mess is staring us in the face. Just stop for a second and look around and see how dreadful times have become: there are huge numbers of job losses; the cost of basic living (food and clothing) is insane. When are we going to wise up and take care of our own backyard?

We are expected to put ourselves out there all the time for other nations, now in this global interdependent world I think I’d like to see someone lend us a shoulder. We just kept building the world around us – all in the name of democracy – while we ourselves were falling apart. Democracy to me means having a say in what is going on in our nation, I don’t feel like I had a voice in crucial decisions that have now led us to the mess we are in today. Stop throwing our money away and start putting it where it counts – in our own infrastructure and people.