January 16, 2007
Experts blame the growing availability of mortgage loans -- especially high-interest and adjustable rate subprime mortgages -- in part for the increase in foreclosure filings.
WRONG. These so-called "experts" are completely and totally wrong. There's ONE thing and ONE thing to blame for the foreclosure: the person who took out the loan and didn't repay it.
It doesn't matter if they lost their job, didn't know about the fees, or even, as is the case much of the time, didn't realize their payments would go up massively every year because of property taxes. The bottom line is that these people took out a loan and agreed to repay it -- and THEY didn't repay it.
In the real-world (where Democrats have never been), it's called RESPONSIBILITY. I know in the world of socialism, there's no such thing. In fact, the Democrats are so sure the that people who violated the terms of their signed contract are NOT at fault, they're going to
get some legislation onto the floor. I'm committing to making that happen."
So sayeth supreme do-gooder Becky Carney, D-Mecklenburg. She's somehow, with the magic power of government, going to force people who refuse to pay after signing a contract to pay, to be allowed to NOT pay! And yes, in this magical world, that will REDUCE foreclosures!
Democrats. Is there anything they can't do by destroying freedom?
Posted by: Ogre at
12:15 PM
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Posted by: VW Bug at January 16, 2007 12:45 PM (oifEm)
Posted by: Ogre at January 16, 2007 12:48 PM (oifEm)
Posted by: Skyler the Weird at January 17, 2007 02:49 AM (KkQmZ)
Posted by: Ogre at January 17, 2007 12:31 PM (oifEm)
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