Quote:
|
Originally Posted by Guest
We do agree that many of those asking for loans simply cannot afford to own a house. We also can agree that the government is shifting this burden to taxpayers.
What is little talked about are those deeply underfunded public pensions plans . The liabilities are enormous and if responsible political leaders continue to do nothing they will again shift the burden to taxpayers
Personal Best Regards:
|
You mean the ones FORCED to buy a certain percentage of treasuries, expecting a 7-8% yield and getting 2%?
The debt is getting too high to keep rolling over. The interest payments are getting too high to cover without BORROWING.
When you start borrowing to make interest payments...the end isn't too far off.
Many government bonds in Europe have a NEGATIVE interest rate. YOU pay THEM for the "privilege" for letting them borrow your money. It's why they want to eliminate cash so they CAN charge you for holding your money.
Quote:
|
Originally Posted by Guest
This practice is another "everyone gets a participation trophy" philosophy. Why would anyone think that granting mortgages to those who have no means of sustaining it is a good thing?
|
Women/liberals/minorities who think it's "fair" that EVERYONE be treated "equally" regardless of actual performance or ability.