I am sick and tired of all of these media reports on the "housing crisis". I about drove my car into the ditch on Thursday as I listened to one more profile of some poor sap who could not afford his $4000/month mortgage. The report on this fella who also happens to be on active duty with the Navy went on to say he could afford his mortgage when it was only $2000/month, but did not realize that his ADJUSTABLE RATE would actually ADJUST and double his payment...:

I hope this knucklehead doesn't work on a nuclear powered sub or fly aircraft because he is apparently illiterate (and couldn't read his mortgage paperwork) or too stupid to figure out what ADJUSTABLE means. Please Lord tell me he is not anywhere near a nuclear missile ignition switch. I can see him starting WW3 with Canada because he did not realize that FIRE actually means....well...FIRE!

The story isn't just about this guy. We have been inundated with victim stories of people victimized by the "housing crisis". If you were too stupid to read the loan documents before you signed them, and now your mortgage rate has doubled, you are not a victim of anything...except perhaps a lousy public-school education. And you darn sure should not get bailed out by the federal government in a vote-buying scheme.

There is a crisis, and that crisis is the utter lack of personal responsibility in the country. We have completely abdicated and turned over to the government the ability to deal with our own bad decisions. Let's go back nearly 3 years to hurricane Katrina. The government failed the poor people in New Orleans. The government (local, state, and federal) did not go get those people in the poorer sections of town before the storm. The government also did not have enough supplies to maintain comfortable living environment at the SuperDome. As a result, many people from the poorer sections of New Orleans were stranded at home as the flood came, or were trapped in unpleasant conditions at the Super Dome.

The real question is not why the government failed in that situation (we all know why governments will always fail). The question is why did all those people expect anything different? The reason simple. With every passing day, we rely more and more on the government to free us from any sense of personal responsibility. Why did they wait on the government to come get them; why did they go to the Super Dome expecting to find livable conditions? Because they have relied on the government for everything else...food stamps, housing subsidies, welfare checks...why wouldn't they expect that the government would come BAIL THEM OUT of that mess, too.

Fast forward to 2007. You sat at a closing table and were handed a stack of papers indicating how much your house is going to cost you, in real terms. The monthly payments, the interest rates, everything was right there. It even spells out when your rate will adjust, what the maximum rate can be after the adjustment and what your new payment will be.... Ahh, you didn't bother reading it, you just signed away. Now your new mortgage statement has shown up...lo and behold those evil bastards went and doubled your payment...just like they said they would in those documents you did not read. I know...call in the government....I should not be held accountable for my bad decision. BAIL ME OUT!

Government bail out. You know what that means? That means you and I get a gun put to our head and are made to hand over our money in the form of taxes to bail out these folks. News flash...there is no magic money making machine known as "government". The government is you and me. The government does not make anything, does not sell anything and therefore does not generate any cash flow beyond what it confiscates from its citizens, at the end of a gun if needed. Don't believe me? Try not paying your taxes for a while and see how long it takes men with guns to show up at your door to take you away...just ask Wesley Snipes in 3-5 years when his federally funded sabbatical ends.

Therefore, any "government" money used to "bail out" these "victims" of the "housing crisis" comes directly from you and your neighbors.