Not With My Money

McCain was not my first choice as the GOP nominee, but I keep warming to him every time he says things like this.

“I will not play election-year politics with the housing crisis,” said Mr McCain. “It’s not the job of government to bail out and reward those who act irresponsibly, whether they’re big banks or small borrowers.”

While I do not for a second have any sympathy for big banks who may have played fast and loose with figures and regulations and duped some people into buying mortgages they couldn’t afford, I also do not have any sympathy for those buyers who got in over their head because their stomachs were bigger than their eyes.

We bought our home 13 years ago and we have refinanced a few times since then to lower our payments, and every time we were offered those  adjustable rate mortgages, we pushed them away like they were radioactive. They were a pipe-dream that has turned into a nightmare for many people, but frankly it is their own damn fault.

I am not a financial wiz by a long-shot, but even I knew they were dangerous. You simply don’t buy a house you cannot afford at the worst of times no matter how tempting it may be.

To sum up - I’m paying my mortgage, you need to pay yours and if you can’t it’s not the government’s job, using my taxes, to bail you out of it.