Originally Posted by Ghoulish Delight
(Post 270038)
It's the same faulty logic used by the people who say, "Why should I, as someone who's owned their home without getting myself a bad mortgage that I can't afford, pay for the mistakes of people who made bad decisions on their homes."
Umm, gee, maybe because if we take a few billion dollars (which, divided across all tax payers, is MAYBE $1000/person) and spend it correctly, the value of YOUR home won't continue to drop by tens of thousands of dollars. The city and state YOU live in will be able to continue collecting property taxes from more people instead of losing it as people forclose, forcing them to raise YOUR property taxes. People can afford to both live in their homes and purchase things, stemming the recession and possibly preserving YOUR jobs.
I'm not saying there's a gurantee that's going to happen, but geebus the "I shouldn't have to pay for their mistakes," is such a blind, infantile response. As if they live in the vacuum and the bucketloads of foreclosures down the street has nothing to do with them whatsoever.
Sure we'd all have preferred that the idiots didn't put themselves in that situation to begin with, and we'd all prefer to not have to bail them out, but if the price for bailing them out hurts MY bottom line, then yes, I consider it a perfectly reasonable move to invest some tax dollars to salvage the value of my investment.
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