$50,000 Loans that Don't Have to be Repaid

[benjamindees]

For the roughly four million homeowners who have fallen behind on their mortgage payments, the federal government is offering yet another remedy: free money to catch up on their loans.

http://finance.yahoo.com/loans/article/113040/more-money-for-struggling-homeowners-smartmoney?mod=series-m-article-b

You can't make this shit up.

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[Anonymous]

Well, they will be paid for by the taxpayers for the common good of society. /sarcasm

[CNMOH]

I don't really see the problem. If you lost your job and couldn't pay your mortgage, I'm sure you wouldn't be whining about this decision.

[hugolp]

I don't really see the problem. If you lost your job and couldn't pay your mortgage, I'm sure you wouldn't be whining about this decision.

This is just taxpayer money tunneled to the banks.

[BitterTea]

I don't really see the problem. If you lost your job and couldn't pay your mortgage, I'm sure you wouldn't be whining about this decision.

This is just taxpayer money tunneled to the banks.

Exactly. Without this, the banks would have to fight to get their money back, by proving that they own the home loan and have standing to foreclose. Now, all they have to do is sit back and collect the free taxpayer money.

Such is the nature of the state.

[RogerR]

It's ridiculous government spending like this that nurtures my belief into the ultimate and absolute necessity of the bitcoin system.

[benjamindees]

If you lost your job and couldn't pay your mortgage, I'm sure you wouldn't be whining about this decision.

Guess again.

[CNMOH]

I don't really see the problem. If you lost your job and couldn't pay your mortgage, I'm sure you wouldn't be whining about this decision.

This is just taxpayer money tunneled to the banks.

Exactly. Without this, the banks would have to fight to get their money back, by proving that they own the home loan and have standing to foreclose. Now, all they have to do is sit back and collect the free taxpayer money.

Such is the nature of the state.

Yes, because that makes perfect sense. If the state just wanted to tunnel money to the banks, they could offer a rent-free, or low-rent loan to people who need it. This way they would tunnel money to the banks, and would eventually get their money back.

I'm against the existence of the state. But while it is there, I don't mind it doing its job - protecting the people and providing a social security net. It's nice to know that if you're unlucky and everything goes to hell, you have a social security net to fall back upon. No one is just left to starve or freeze to death out in the cold because they couldn't repay their loans. I'd prefer it if this was left in the hands of the people instead of the state, but things do not always work the way you want them to.

[CNMOH]

You don't see the problem ?

I don't remember signing anywhere that my neighbor's
mortgage was my problem. Yet it apparently is since my
tax money now pays for it.

Yeah, and in return, your neighbor helps you when you're in trouble. As I said, I don't see the problem.

[Anonymous]

You don't see the problem ?

I don't remember signing anywhere that my neighbor's
mortgage was my problem. Yet it apparently is since my
tax money now pays for it.

Yeah, and in return, your neighbor helps you when you're in trouble. As I said, I don't see the problem.

Uh, so it's all fine and dandy to steal my money, then you can help me out when it's convenient?

FUCK YOU, PARASITE! There's no other way to say it. You have no respect for man! You only have respect when its convenient for your whims and desires!

[CNMOH]

Uh, so it's all fine and dandy to steal my money, then you can help me out when it's convenient?

FUCK YOU, PARASITE! There's no other way to say it. You have no respect for man! You only have respect when its convenient for your whims and desires!

Parasite, eh? The buzzword of objectivists, nothing more. I have respect for human rights. I respect the human right to food and shelter, the human right to live. Should the common man be punished for the failure of capitalism? No.

[Jack of Diamonds]

You don't see the problem ?

I don't remember signing anywhere that my neighbor's
mortgage was my problem. Yet it apparently is since my
tax money now pays for it.

Yeah, and in return, your neighbor helps you when you're in trouble. As I said, I don't see the problem.

Uh, so it's all fine and dandy to steal my money, then you can help me out when it's convenient?

FUCK YOU, PARASITE! There's no other way to say it. You have no respect for man! You only have respect when its convenient for your whims and desires!

When you get sick suddenly, you will need the help from people. If your house burns down you will need help from other people.

If your local store is being robbed you will need help from other people.
Just by living in society, you are using the tax money and resources of other people.

You are only a non-parasite if you feed yourself off the land, consume self-produced electricity and protect your family with firearms and self-learned medical skills.

Otherwise, you exist only because the tax money of other people sustain your life and protect you from the power of the physically stronger and ruthless by spending other people's tax money on a military and police force.

The only thing stopping brutes from stealing your TV, cute puppy, bitcoin rigs & raping your wife is 'other people' who have agreed to pay money to help each other as a collective society when necessary.

There are also states where this isn't the case, with no real central government; Like Somalia.
If you aren't part of any of the strong local clans with powerful firearms and vehicles, your life will be crap and your possessions will be taken all the time. That's what happens when you let 'nature take it's course' among humans

[Anonymous]

Uh, so it's all fine and dandy to steal my money, then you can help me out when it's convenient?

FUCK YOU, PARASITE! There's no other way to say it. You have no respect for man! You only have respect when its convenient for your whims and desires!

Parasite, eh? The buzzword of objectivists, nothing more. I have respect for human rights. I respect the human right to food and shelter, the human right to live. Should the common man be punished for the failure of capitalism? No.

So, you believe in the right of slavery -- the right to enslave others to feed, shelter and sustain others that are deemed worthy by the slaver. How humanitarian.

[Anonymous]

You don't see the problem ?

I don't remember signing anywhere that my neighbor's
mortgage was my problem. Yet it apparently is since my
tax money now pays for it.

Yeah, and in return, your neighbor helps you when you're in trouble. As I said, I don't see the problem.

Uh, so it's all fine and dandy to steal my money, then you can help me out when it's convenient?

FUCK YOU, PARASITE! There's no other way to say it. You have no respect for man! You only have respect when its convenient for your whims and desires!

When you get sick suddenly, you will need the help of other people. If your house burns down you will need help from other people.

If your local store is being robbed you will need help from other people.

Just by living in society, you are using the tax money and resources of other people.

You are only a non-parasite if you feed yourself off the land, consume your self-produced electricity and protect your family with firearms and self-learned medical skills.

Otherwise, you exist only because the tax money of other people sustain your life and protect you from the power of the physically stronger and ruthless by spending other people's tax money on a military and police force.

No. All these things can be derived by a fair exchange of value. Nobody has to sacrifice for these things. When I produce labor and exchange it for things I need, I am not taking from anybody.

These services that exist are only monopolies. They are not the sole and only benevolent benefactors.
 They give nothing selflessly. They derive inherent value either through money or pleasure.

I exist because I choose to sustain myself by my own labor. Again, it may change it's form by trade but it is still mine.

About Somalia: You can pay for protection at very competitive rates, although the UN and its cronies tend to disrupt this.

[nebiki]

be happy you're in america. you don't want to know how much of our money in germany goes to some real parasites. you wouldn't want to pay $2.20/ltr gasoline, of which $0.95 is energy taxes and another $0.20 vat, either. you wouldn't want energy prices of about 35c/kWh. just be happy to be able to help your neighbors who actually pay taxes.

[Anonymous]

be happy you're in america. you don't want to know how much of our money in germany goes to some real parasites. you wouldn't want to pay $2.20/ltr gasoline, of which $0.95 is energy taxes and another $0.20 vat, either. you wouldn't want energy prices of about 35c/kWh. just be happy to be able to help your neighbors who actually pay taxes.

I'll help my neighbors by my own accord. I need no man to tell me who and how I should help with the fruits of my own labor. I am still being coerced which is not an acceptable compromise. I am either entitled to myself or a slave.

[CNMOH]

So, you believe in the right of slavery -- the right to enslave others to feed, shelter and sustain others that are deemed worthy by the slaver. How humanitarian.

I do not.

Let me clarify; as I said earlier, I do NOT support the existence of the state. I believe it should be a choice to participate in a socialized society, but if you choose not to participate, you will not receive any of the benefits. This means two different societies are necessary: the socialized, and the non-socialized. That way, both can get what they want. Those who want to live by objectivistic ideals can do so. Those who want to live by socialist ideals can do so. In a society with no state, there would be no "slaver".

Of course, this is very idealistic and is not likely to happen in the near future. Therefore I am willing to accept the state, for now.

You're using very strong words, though. It is true that everyone is forced to participate, but everyone is still paid for their labor, and everyone benefits from a socialized society (although some more than others)

[Grant]

When you get sick suddenly, you will need the help from people. If your house burns down you will need help from other people.

If your local store is being robbed you will need help from other people.
Just by living in society, you are using the tax money and resources of other people.

You are only a non-parasite if you feed yourself off the land, consume self-produced electricity and protect your family with firearms and self-learned medical skills.

Otherwise, you exist only because the tax money of other people sustain your life and protect you from the power of the physically stronger and ruthless by spending other people's tax money on a military and police force.

The only thing stopping brutes from stealing your TV, cute puppy, bitcoin rigs & raping your wife is 'other people' who have agreed to pay money to help each other as a collective society when necessary.

There are also states where this isn't the case, with no real central government; Like Somalia.
If you aren't part of any of the strong local clans with powerful firearms and vehicles, your life will be crap and your possessions will be taken all the time. That's what happens when you let 'nature take it's course' among humans

This is exactly what insurance companies could provide, rather than the government. Imagine a world where you could (voluntarily) bet that your boss will sack you

[nebiki]

be happy you're in america. you don't want to know how much of our money in germany goes to some real parasites. you wouldn't want to pay $2.20/ltr gasoline, of which $0.95 is energy taxes and another $0.20 vat, either. you wouldn't want energy prices of about 35c/kWh. just be happy to be able to help your neighbors who actually pay taxes.

I'll help my neighbors by my own accord. I need no man to tell me who and how I should help with the fruits of my own labor. I am still being coerced which is not an acceptable compromise. I am either entitled to myself or a slave.

we don't get to choose, either. and we pay a lot more.

[Anonymous]

You don't see the problem ?

I don't remember signing anywhere that my neighbor's
mortgage was my problem. Yet it apparently is since my
tax money now pays for it.

Yeah, and in return, your neighbor helps you when you're in trouble. As I said, I don't see the problem.

When I'm in trouble, I use insurance. Again, something I signed
for instead of having it shoved down my throat without having
been asked.

Are you some sort of commie ?

He's just too lazy to actually help people. He rather have somebody steal for him and take care of it.