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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (103896)	11/5/2011 4:03:37 PM
From: Road Walker	Respond to of 149317

Good post. It got me thinking and my initial reaction is that the Govt. should bot be in the business of giving cold hard cash away. Or even the banks should not be expected to do so. OTOH, if these folks had job opportunities, wouldn't they be in a position to pay down the debt over an extended period of time instead of the original 30 year period? Besides, in a good economy, the houses will appreciate. So why should anybody want to lower the principal when the possibility exists for price appreciation in a good economy. Sometimes, on the left and right, we get really hung on whats "right" or "wrong". Rather than what is "effective". I do it, everybody does it. Maybe when things are really messed up we should forget about our various ethical proclivities and just do what works. For the greater good. Then we can move on and continue with our self serving moralizing. Just sayin'.