I saw this about ten minutes ago as I walked past City Hall in
When I walked past this gentleman and said, simply, “I love it,” he mentioned without hesitation that
I cannot say I disagree.
When my wife and I bought our first house a few years ago, both of us were working full-time, she as a nurse and me as a professional writer. Long story short, we’ve since had our first kid, she’s downgraded to part-time, I’ve taken on school-related expenses, and my job hasn’t adjusted for inflation. Long story short, we now have too much house.
Our payments are too large for my liking, and it was due to our own short-sightedness when we bought the house in the first place. Truth be told, we struggle each and every month to pay our bills and maybe put a tiny bit–if even that–into savings. Now, my wife could go back to full-time surgical nursing work but the part-time nursing care work she does now makes her happy, and if I’ve learned anything in my almost five years of marriage, it’s that a happy wife equals a stress-free life.
Because of the nature of the market, however, we’re stuck in our house for the foreseeable future. However, I have never asked–nor would I ever ask–for anybody to be accountable for our mistakes besides us. Never. If we fail, we learn, we get back up and then, knowing what we didn’t before, we prevail. As it stands now, we’ve already learned quite a bit even though we’ve managed to dodge complete failure–barely, I may add–on more than one occasion, and I firmly believe that God intends for us to struggle, to stress, to cry a little every once in a while, for good reason.
It angers me to no end that we will now be forced to take some of our tax money–money which comes out of our paychecks and bank accounts and bottom lines and kitchen pantry and Christmas presents and diaper budget–and bail out those who refuse to be held personally accountable for their own mistakes. It angers me to no end that we’re on the hook for illegal immigrants who are breaking the law by simply being here in the first place and have defaulted on loans they should never have been granted, loans which they were able to procure without income verification, without identification, because our federal government forced banking institutions to relax lending standards in the name of political correctness, diversity, “social engineering” and my personal favorite, “economic justice.”
You know, if a short little Wall Street man with an Armani suit and a Napoleon complex knocked on my front door and asked me, point-blank, for $2300 to help his failing business and ailing bottom line, I’d tell him exactly where he could put his gold watch and trendy eyewear. We cannot allow for the privatization of gains and the socialization of losses, and we cannot permit this behavior to go unchecked and unpunished. My wife and I have had to trim back our budget at every single exposed spot, to the point that I feel bad for my child because, on the rare occasion when we do go clothes shopping for her as she grows, I immediately go to the “clearance” section first. When my wife asked me what I wanted for my 30th birthday this coming month, I asked that she take whatever she wanted to spend and just put it in our paltry savings account which, at the time of this writing, has about seven dollars in it. We’ve paid for a half-gallon of milk with quarters, we’ve laid awake at night wondering how we’ll manage to pay our mortgage and our electric bill, we’ve been shopping at the “discount” supermarket — if we have to make sacrifices, why shouldn’t these people do the same?
Likewise, if Barney Frank or Chuck Schumer or Christopher Dodd were to try to explain, to me, the merits of using my earnings to pay for somebody else’s poor judgment, I’d ask them if they knew just how humiliating it is to take money from a two-year-old’s piggy bank to put gasoline in the car, promising under your breath that, somehow, daddy will make it up to her over time. I’d show them the barren shelves of our refrigerator and the dwindling stack of Wal-Mart brand diapers on my daughter’s changing table. These people have no business whatsoever in the mortgage business, and I have no reason to believe that their current involvement won’t be just as successful as the previous meddling which put us in this situation in the first place. I’m meeting my obligations, no matter how difficult and stressful and trying it is to do so — why shouldn’t others have to do the same?
If I had the time, if I wasn’t working my tail off to pay the bills we currently have and to make up for my previous mistakes and ensure that I won’t make similar ones in the future, if I wasn’t working all day and going to school at night so I can better provide for my family in years down the road — I’d likely be out there, in front of City Hall, holding a sign as well.
If the federal government is to do anything with regard to this crisis, it should encourage policies which foster increased flow of private capital, not public tax money. However, should it come to a decision between failure and socialism, let these entities fail. I’ll gladly sacrifice my way through two, five, ten, fifteen years of recession and depression in order to preserve a free market and the freedom it brings for my children and for yours in the years and decades to come.