Belly-aching "homeowners" and the politicians who love them

What ever happened to taking out a mortgage and paying on that mortgage? (ie: agreeing to the terms you signed off on when you got a mortgage loan for your home)

I am really getting sick and tired of the bleeding hearts in Washington making statements like "We don't won't these people to lose their homes!" and "We need to help them!" They are just trying to look like some heroes to their "poor" constituents.

Where I come from, if you sign into a contract, it means that you are promising to the terms of that contract, including making the payments you agreed to. You also agreed that if you could not pay your mortgage, you basically lose the home. That seems fairly simple to me.

I have had my first home for the past 6 years. I took out a loan that I could afford and luckily I've held the same job all these years so my income has been consistent. But if something were to happen and I couldn't pay my mortgage, I might lose my home...that would be the hit I would have to take. I am a grown up and that is how life works. You deal with the tough stuff and move on.

Moral of the story: I am responsible for the mortgage I signed my name to....not the government. I would never expect them to "bail me out" because either I made a not-so-sound financial decision in the first place or I was unable to pay my mortgage b/c of the current recession or other circumstances in my life.

Bottom line....you do what you have to do. And if you lose your house....there is always another option...somewhere! Family, friends, a roommate, a cheaper place....something!

I know that there are people who really are in a tight spot because of unforseen medical expenses or something like that....and those people I really do have compassion for. I also have some compassion for a person who's job is eliminated because their company has gone belly up. But there are other jobs out there...even if it means having to move closer to a new job to make ends meet or working more than 1 job. You just have to be willing and able to work. Its the sort of sacrifice we have to make sometimes. In my past, I've done it myself. I've lived in a tiny apartment that was so small I could barely move around in it....because thats all I could afford. I was in college (student loans) and working 3 jobs to make ends meet....but I got through it. You do what you have to do to get by and survive!

Thats why this whole mortgage bailout situation makes me sick. I know that many of these homeowners who need "help" are in that situation because of bad financial decisions. Its time for American citizens to take responsibility for themselves, their decisions (both good and bad) and their actions.

Sorry, I just had to vent...because I AM paying my mortgage....is anyone else out there doing the same?