Social justice idiocy aside, the plan also calls for incentivizing home ownership for people who really shouldn't be putting that kind of money on the line. The exact same set of incentives are what led to the subprime mortgage crisis because the Clinton administration couldn't get it out of their heads that not everyone needs to take out a $250,000 mortgage. They learn absolutely nothing from history.
Its as the others in this thread have said: They learned from history alright. They learned they can fleece the most productive people in the country in perpetuity with no consequence. Why wouldn't they do it again and again?
Already moved more money offshore to a nice tropical island that we can afford to buy citizenship and enough to live comfortably there. I can ship the Mrs. and Daughter off if needed so I can do what will need to be done...
Social justice idiocy aside, the plan also calls for incentivizing home ownership for people who really shouldn't be putting that kind of money on the line. The exact same set of incentives are what led to the subprime mortgage crisis because the Clinton administration couldn't get it out of their heads that not everyone needs to take out a $250,000 mortgage. They learn absolutely nothing from history.
Its as the others in this thread have said: They learned from history alright. They learned they can fleece the most productive people in the country in perpetuity with no consequence. Why wouldn't they do it again and again?
Good point. Consequences for thee but not for me.
The new rat race: can you make enough money to keep you and your family one step ahead of the parasite classes?
Man, when you start thinking about our impending socialist America in terms of strategic opposition, it's hard not to despair.
Already moved more money offshore to a nice tropical island that we can afford to buy citizenship and enough to live comfortably there. I can ship the Mrs. and Daughter off if needed so I can do what will need to be done...