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Take all of this book (the Bible) on reason that you can, and the balance on faith, and you will live and die a happier and a better man.

ideas > What about accountability for homeowners

What about accountability for homeowners
A blog, "Clinton vows to protect American homeowners", was recently posted on www.cnn.com. I have one question and a few comments about this blog and for Senator Clinton, but before I ask that question and make my comments, I've included the blog below for you to read.


Sen. Hillary Clinton announced her plan to protect American homeowners from mortgage lending abuses at a speech in Derry, New Hampshire on Tuesday.

“We need to put an end to fly-by-night mortgage brokers peddling loans to unqualified applicants based on inflated appraisals,” she said. “We need to help those facing the pain of foreclosure. We need to secure the marketplace and put reforms in place right now.”

Clinton promised that, as president, she would “curb unfair lending practices and hold brokers and lenders accountable, give families the support they need to avoid foreclosure, and increase the supply of affordable housing.”

During her speech, Clinton was joined by a New Hampshire woman who had just lost her home to foreclosure.

Clinton also used the occasion to criticize the state of much of America’s infrastructure, including ports, bridges, mass transit and airports. The presidential hopeful said that the United States is “woefully under-invested in as a nation” and promised to return to the Granite State on Wednesday to discuss solutions to the problem.

What about accountability for homeowners who signed for these mortgages? They made the choice. Why is it the government's job to attempt to fix someone's poor choices? Senator Clinton makes an impassioned plea to hold those lenders accountable. I counter with an impassioned plea to hold the homeowners accountable. If you are not smart enough to know that you cannot afford your mortgage, even if you want a house badly, then perhaps you should just let someone else make your decisions for you. I am tired of hearing some politician promising to fix a wrong that is not a wrong, but instead is a stupid choice someone made. Then Senator Clinton goes on to promise that government will provide more affordable housing. My question to her is HOW? The cost of housing is controlled by economic forces outside of political decisions. In fact, I would contest that the cost of housing is so high because of the slow speed at which government issues building permits, the lack of investment in infrastructure because government is spending way too much on social entitlement programs, and huge amount of building regulations that most likely add 25% or more to the cost of housing. How can we trust the government who is the reason for the problem to solve the problem? It can't and will only make matters worse. The sad fact in life is more often than not people make dumb choices in their lives and government's role is not to deflect the consequences of those decisions for two reasons. First, short-circuiting the process of suffering the consequences of your own decisions means that you never learn and grow. Second, who do you think pays for bailing these people out? Those who make good, wise, and prudent choices never need the help of the government. The government has no right to take my money from me and give it to someone else who hasn't made good choices. That is immoral and violates my rights of life, liberty, and the pursuit of happiness. Thanks, but no thanks, Senator Clinton. I'm fine on my own. I don't want your help and especially the government's help. I and my family know how to live our lives.
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