To really be able to fix the housing market, we have to look at how it got so bad to begin with. Banks were giving loans out to people who couldn’t afford to repay them. That was, what I see, as the most detrimental situation regarding the housing market. Are the banks only to blame? Absolutely not. Those people who took those loans with little thought of repercussions also caused this mess. We shouldn’t be borrowing money so loosely and the banks should not have made it so easy.
Regardless of cause and effect, we are in this situation and must find ways to deal with it. Sure, the $8,000 credit to first time buyers and $4,500 credit for second time buyers is nice and it makes it easier for people to buy their first home, but what about the people who are not first time buyers? What about people moving to different areas and those people who have already lost their homes?
The government, as of now, has fallen into a bad routine: Throw some money at it and make it go away. These are short-term fixes to a long-term problem. By looking at this on a strictly monetary scale, we are not forced to look at our own accountability. We as Americans have developed this notion that the government should take care of us somewhere along the lines. More government is not the answer. To me, this is the easy way out. Besides, do we really want the government so involved in aspects of our lives they have no business being a part of?
My worry is where is this money coming from? It doesn’t appear out of thin air. How are they paying for all this? Our deficit is getting bigger and bigger and nothing is being done to fix this. Are we taxing big companies more than is deserved? The Democrat way of thinking is if someone makes more money, they should be penalized through more taxes. This is completely unfair to people and businesses who have done well in their fields. Does the government think that these businesses are going to eat these losses? That is why so many people are getting laid off and why so many businesses are going overseas. Instead, why not offer tax breaks? This will keep them in the states, will keep people employed, and in return, will keep people in their homes paying their mortgages.
If the government really wants to help, instead of throwing money at citizens why not offer money management courses and tips on balancing a budget free of charge to the public. It is insulting to me as an educated American for the government to feel they can just take care of the mess and move on. They are still not getting into the core: Why are we so bad with money? Where did we get this idea that we were entitled to material things and monies that we have not earned and cannot afford? The days of hard-work and self-reliance are moving past us and it is important that we don’t lose sight of these fundamental characteristics.
As a teacher of special needs children, I feel it is more important for my students to understand life skills and...