Comments on: America: The Land Where It Doesn’t Pay To Be Financially Responsible http://20smoney.com/2008/09/19/america-the-land-where-it-doesnt-pay-to-be-financially-responsible/?utm_source=rss&utm_medium=rss&utm_campaign=america-the-land-where-it-doesnt-pay-to-be-financially-responsible Aggressive Yet Responsible Wealth Building For 20-Somethings Tue, 22 May 2012 18:25:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Kevin http://20smoney.com/2008/09/19/america-the-land-where-it-doesnt-pay-to-be-financially-responsible/comment-page-1/#comment-1935 Kevin Fri, 07 Aug 2009 14:19:34 +0000 http://20smoney.com/?p=234#comment-1935 Mark, thanks for the comments. Good luck to you and I hope to hear more from you and the progress you make. Take care Mark, thanks for the comments. Good luck to you and I hope to hear more from you and the progress you make.

Take care

]]> By: Mark Fox http://20smoney.com/2008/09/19/america-the-land-where-it-doesnt-pay-to-be-financially-responsible/comment-page-1/#comment-1927 Mark Fox Thu, 06 Aug 2009 19:38:51 +0000 http://20smoney.com/?p=234#comment-1927 I found your site after finding myself in refinance hell, and I don't qualify for any bailouts because I actually bought an affordable house and make payments as expected. Here's another one for you, make sure you pay for extra uninsured/under-insured insurance on yourself, so when some no-job, no-house, no-insurance slams his truck into you, you'll need it to payoff your health insurance company. I'm thinking about selling my house, leasing my cars, cancelling all my insurances and stocking up on gold bars in my basement safe and telling everyone I don't own crap, please help. Hopefully, they don't ask if I spent 9 years putting myself through college. I know that could really count against me. Thanks for the post dude! I found your site after finding myself in refinance hell, and I don’t qualify for any bailouts because I actually bought an affordable house and make payments as expected.

Here’s another one for you, make sure you pay for extra uninsured/under-insured insurance on yourself, so when some no-job, no-house, no-insurance slams his truck into you, you’ll need it to payoff your health insurance company.

I’m thinking about selling my house, leasing my cars, cancelling all my insurances and stocking up on gold bars in my basement safe and telling everyone I don’t own crap, please help. Hopefully, they don’t ask if I spent 9 years putting myself through college. I know that could really count against me.

Thanks for the post dude!

]]> By: Kevin Silva http://20smoney.com/2008/09/19/america-the-land-where-it-doesnt-pay-to-be-financially-responsible/comment-page-1/#comment-1093 Kevin Silva Sat, 25 Oct 2008 15:36:54 +0000 http://20smoney.com/?p=234#comment-1093 Why renegotiate principal? Extend the mortgage to 35, 45, 55 years, reducing the payments. Why renegotiate principal? Extend the mortgage to 35, 45, 55 years, reducing the payments.

]]> By: kevin duffey http://20smoney.com/2008/09/19/america-the-land-where-it-doesnt-pay-to-be-financially-responsible/comment-page-1/#comment-1072 kevin duffey Thu, 23 Oct 2008 21:22:55 +0000 http://20smoney.com/?p=234#comment-1072 Chris, yes John Mccain brought that idea up in the last 2 debates. This is not a new idea however. Joe Biden mentioned the idea of renegotiating principles on mortgages up in the VP debate. Also, the idea has already been kicked around congress plenty. Mccain bringing it up just solidified that neither party has a clue. Chris, yes John Mccain brought that idea up in the last 2 debates. This is not a new idea however. Joe Biden mentioned the idea of renegotiating principles on mortgages up in the VP debate. Also, the idea has already been kicked around congress plenty. Mccain bringing it up just solidified that neither party has a clue.

]]> By: Chris http://20smoney.com/2008/09/19/america-the-land-where-it-doesnt-pay-to-be-financially-responsible/comment-page-1/#comment-1071 Chris Thu, 23 Oct 2008 21:16:10 +0000 http://20smoney.com/?p=234#comment-1071 Dmitri-I disagree with "Bailing out homeowners was unthinkable until recently and yet it has now gained majority consent, at least among Democrats" John McCain said he wants to use $300 billion to allow homeowners to renegotiate principal on their mortgage. I wouldn't blame that on the left. I do agree with you on the 2 party problem though Dmitri-I disagree with “Bailing out homeowners was unthinkable until recently and yet it has now gained majority consent, at least among Democrats” John McCain said he wants to use $300 billion to allow homeowners to renegotiate principal on their mortgage. I wouldn’t blame that on the left.

I do agree with you on the 2 party problem though

]]> By: Dmitri http://20smoney.com/2008/09/19/america-the-land-where-it-doesnt-pay-to-be-financially-responsible/comment-page-1/#comment-1064 Dmitri Thu, 23 Oct 2008 15:44:24 +0000 http://20smoney.com/?p=234#comment-1064 Bailing out homeowners was unthinkable until recently and yet it has now gained majority consent, at least among Democrats. Why this has happened, I believe, is because of our two-party system of government. Neither party is willing to risk losing votes to the other. They end up pandering to voter blocs, and rely on voter apathy and ignorance to gain support, i.e. a dumb electorate. Homeowners and minorities are their favorite voter blocs. As a result, we now have open borders and subsidized housing. Economics be damned; let's pander to these groups! The only solution is, unfortunately, theoretical: implement a parliamentary system of government. Such a system has two advantages: 1. There are multiple parties. If you like socialism, you can vote for the socialist party. If you like free enterprise, you will have a party to vote for. You won't have to choose between two socialist parties (i.e. Republican and Democrat) that masquerade as pro-free enterprise. 2. There are real debates inside the government. Each elected rep must stand up and defend his position against an opponent, who can follow up as often as desired. You don't have politicians pontificating, as you do here, with no one ever challenging their arguments. Of course, this will never happen here. The elites won't give up power and implement real change, not even term limits. The electorate is too dumb and conditioned to getting handouts, even though this is destroying the country. I expect things to get much worse here, worse than in Europe. Bush made America socialist; Obama will turn it into a Third World country. Bailing out homeowners was unthinkable until recently and yet it has now gained majority consent, at least among Democrats. Why this has happened, I believe, is because of our two-party system of government.

Neither party is willing to risk losing votes to the other. They end up pandering to voter blocs, and rely on voter apathy and ignorance to gain support, i.e. a dumb electorate. Homeowners and minorities are their favorite voter blocs. As a result, we now have open borders and subsidized housing. Economics be damned; let’s pander to these groups!

The only solution is, unfortunately, theoretical: implement a parliamentary system of government. Such a system has two advantages:

1. There are multiple parties. If you like socialism, you can vote for the socialist party. If you like free enterprise, you will have a party to vote for. You won’t have to choose between two socialist parties (i.e. Republican and Democrat) that masquerade as pro-free enterprise.

2. There are real debates inside the government. Each elected rep must stand up and defend his position against an opponent, who can follow up as often as desired. You don’t have politicians pontificating, as you do here, with no one ever challenging their arguments.

Of course, this will never happen here. The elites won’t give up power and implement real change, not even term limits. The electorate is too dumb and conditioned to getting handouts, even though this is destroying the country.

I expect things to get much worse here, worse than in Europe. Bush made America socialist; Obama will turn it into a Third World country.

]]> By: Okay - and your reality’s not mine. « …VARIABLE INTEREST http://20smoney.com/2008/09/19/america-the-land-where-it-doesnt-pay-to-be-financially-responsible/comment-page-1/#comment-912 Okay - and your reality’s not mine. « …VARIABLE INTEREST Mon, 29 Sep 2008 21:58:03 +0000 http://20smoney.com/?p=234#comment-912 [...] to type and copy and paste and “save image as”. I also know very little about how badly some people are, and will be [...] [...] to type and copy and paste and “save image as”. I also know very little about how badly some people are, and will be [...]

]]> By: Damn that 7 has a lot of 0’s | Twenties Money http://20smoney.com/2008/09/19/america-the-land-where-it-doesnt-pay-to-be-financially-responsible/comment-page-1/#comment-882 Damn that 7 has a lot of 0’s | Twenties Money Wed, 24 Sep 2008 13:16:09 +0000 http://20smoney.com/?p=234#comment-882 [...] wrote a piece about financial responsibility. The article asked why should he be financially prudent if the government, business and most [...] [...] wrote a piece about financial responsibility. The article asked why should he be financially prudent if the government, business and most [...]

]]> By: Matt http://20smoney.com/2008/09/19/america-the-land-where-it-doesnt-pay-to-be-financially-responsible/comment-page-1/#comment-881 Matt Wed, 24 Sep 2008 00:24:50 +0000 http://20smoney.com/?p=234#comment-881 Brilliant. Brilliant.

]]> By: Chris Ford http://20smoney.com/2008/09/19/america-the-land-where-it-doesnt-pay-to-be-financially-responsible/comment-page-1/#comment-873 Chris Ford Mon, 22 Sep 2008 12:52:14 +0000 http://20smoney.com/?p=234#comment-873 Amen. I have been saying stuff like this for a while on my site. That JFK's speech "ask not what your country can do for you but what you can do for you country" has become "ask not what you can do for your country but what your country can do for you" Things have gotten sick around here and they are not looking good. Amen. I have been saying stuff like this for a while on my site. That JFK’s speech “ask not what your country can do for you but what you can do for you country” has become “ask not what you can do for your country but what your country can do for you”

Things have gotten sick around here and they are not looking good.

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