Don't screw over the millions of responsible people because of the irresponsibility of others

I fully realize that there are people in this world to whom stuff happens. I know that a downturn in the economy can hurt people. Also there are people who just plain make bad decisions in their finances such as taking out a mortgage that they can not really afford. There are others who are just plain irresponsible. Just because there are some people like that plus the unfortunate cases, does not mean that the rest of the citizenry need to pay for relief of their mortgages. There is no "mortgage crisis". There is only the end result of companies that wrote loans they should not have written and customers failing to meet the obligations they could not afford to meet to begin with.

Of course the nanny state believes it has to come to the aid of people who are going through tough economic times. Let us forget the fact that there is no such provision in the US Constitution that allows government backed loans for personal mortgages. How about common sense? How about the belief that if someone made a mistake, they it is their consequence to deal with, not that of everybody else?

I have written of this previously, but it still frosts my flakes that this garbage is still going on in the Congress.

From the Yahoo news page:

WASHINGTON - Hundreds of thousands of homeowners could get safe, cheaper loans rather than losing their homes under a massive election-year mortgage rescue that's drawing bipartisan support.

The housing aid package — on track for Senate passage as early as Thursday — is far from completed, however, with House leaders planning to rewrite key portions and the White House still threatening a veto.

The centerpiece of the plan would let the Federal Housing Administration back up to $300 billion in new loans to provide struggling homeowners with more affordable, fixed-rate mortgages. It allows lenders who agree to take a substantial loss on the mortgages to reclaim at least some money and avoid a costly foreclosure.

It is NOT the responsibility of the government to bail everybody out of their mortgages. It is not MY responsibility to help pay for someone else's housing. It is not the problem of the entire nation to foot the bill for a small portion of the populace. We are no longer a republic. We are a socialist state.