Ah, socialism. That grand bastion of incompetence, shortsightedness, and irresponsibility.
Don't worry, says Nanny State. Every mistake you make, no matter how ignorant or selfish, won't be held against you. I'll force some of those tired, hard-working folks to do some extra chores to help support your lazy, ungrateful ass.
That should have been the headline for the article I read in today's Chicago Tribune. Another piece on trying to make throwing more money down the toilet sound good. Hussein's administration now wants to give "financial incentives to encourage companies to modify the terms of troubled second mortgages." Which is a smooth way of saying that any company who plays ball and bails out the fools that got in over their heads in their race to entitlement will get comped on the back end by Bammy's Bunch. Many of these people wouldn't be able to pay back any of the money they borrowed under any terms other than "give us what you can". So Hussein wants to use taxpayer money to make up the difference to the lending institutions, so he can polish his image to the proletariat.
Here's an idea: let these people reap what they've sown. File bankruptcy, move into a smaller place that they can actually afford, based on their actual earnings and not potential income or any other "keep up with the Joneses" feel-good-about-yourself bullshit Nanny State wants to spout, and EARN the bigger house and nicer cars.
But Nanny State can't have that. People aren't to blame, some part of society is; usually the part that likes to see elephants on their ballots instead of jackasses...I mean, donkeys. No, I mean jackasses.
It's frightening how this country has gone from the "pursuit of happiness" to "gimme my free shit".
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