Is it the social responsibility of those of us who actually pay taxes to bail out people who played real estate roulette and lost when interest rates went up and home values headed in the other direction?
Is it fair and just that the 5 percent of American taxpayers who now pay 60 percent of all federal taxes be required to pay even more in order to bail out the individuals who were absent from class when their 6th grade teacher said: “If it sounds too good to be true, it probably isn’t?”
Is it acceptable governance when the response by local authorities to the decline of property values is to propose raising property tax rates so the local bureaucrats won’t have to tighten their belts?
Is there any wonder why 80 percent of adult Americans recently told pollsters that America is headed in the wrong direction?
My wife and I donate to a local animal rescue and to many other charities. However, I must admit that I have had it up to my keister being told that there’s a hidden bailout clause in the U.S. Constitution that requires anyone who earns a living and pays taxes to kick in more cash to the government when other people act irresponsibly or believe it is their right to dip into my bank account when they can’t afford their McMansions.
Truth be told, this is starting to torque my jaws.