Why is it that we're now spending time, energy, and tons of money to make sure the people who shouldn't have been able to purchase their houses in the first place, don't lose their houses? People who live beyond their means should not be coddled. They should be punished otherwise how are they going to learn their lessons? Foreclosures on houses, failing businesses, repossessed cars - those are the indicators that should tell you that hey, you're over-reaching and should rein in your spending. But no, instead we're giving them handouts (also known as WELFARE), forgiveness, and not even a slap on the wrist.
When our children blow their allowances, do we just keep giving them money? No, we tell the child to spend more wisely and suggest ways for them to earn additional funds, but we don't keep giving them money. We shouldn't otherwise they won't learn the value of a hard-earned dollar.
Apparently no one seems to know the value of a hard-earned dollar.
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