Punishing the frugal

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Posted by timeOday on March 26, 2008, 5:17 pm
 

What, you were prudish enough to buy a home you could afford when poorer
people were buying nicer houses they couldn't?  No bailout for you!  Now
you get to pay your own mortgage *and* help out the more "ambitious
consumers" amongst us sustain their lifestyle.

<http://money.cnn.com/2008/03/26/news/economy/bailout/index.htm?postversion  08032614>

Posted by George Grapman on March 26, 2008, 5:19 pm
 
timeOday wrote:

<http://money.cnn.com/2008/03/26/news/economy/bailout/index.htm?postversion  08032614>

  Not too mention bailing out the companies that made those bad loans.

Posted by Rod Speed on March 26, 2008, 6:12 pm
 

Thats not what prudish means.
http://onelook.com/?w=prudish


You dont need a bailout if you buy what you can afford.


Thats always been what happens with the dregs.


<http://money.cnn.com/2008/03/26/news/economy/bailout/index.htm?postversion  08032614>



Posted by Noveau67 on March 30, 2008, 8:51 pm
  Contact your congressperson and state your views. He or she is in a
position to affect this bailout. And congress does pay attention to
the phone calls and emails they get.

Also, one wonders about the future penalty for having a lot of 401k
and IRA money. No Social Security dollars for you greedy,
materialistic, conniving  folks.... !!          : (

Posted by <h> on March 30, 2008, 11:10 pm
 

I've been waiting for that myself. However, since they take so much out in
taxes (self-employed), I have a very hard time making even a $1,000/year
contribution to my Roth, so I guess it's unlikely that I'll fall into the
"rich" group. Then again, they keep upping the age for SS, so maybe I'll
never have to retire if I work myself to death first.



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