Free speech.....war comming....

[cobra bill]

I'm not arguing that someone who defaults on a loan is pursuing an "affordable" option?
I'm not even sure what you are talking about, what I am saying is your argument that this was brought on by only people that defaulted on their loans is the cause of all this mess is flat wrong!
Now on to your next topic (what I am saying is the SOCIETY has over spent with no regard as to the ramifications of such actions) while you are correct, to many people took on debt that they were not able to afford, many of them are victims of our society, many defaulted on their loans as a result of job loss, injury and the way our healthcare system functions in this country. You have to know that it was set up as an employer based system when keeping employees for 30 years was both beneficial to the companies as well as the employee and it was a nonprofit system.
Then the bankrupsy rules, and the fact that the good people on the hill allowed the banking industry to re-write the bankrupcy laws, there is a lot of reasons that people have found themselves in the mess they are, not all were from taking loans they could not possibly afford.
While it's not something that I would have done, I do understand why people did it, when the bank is willing to give someone a loan that we all know can't afford it, is it really their fault for taking it? I say they should have never been given the opportunity to get the loan, in many instances they were able to get a home loan that was cheaper than renting, and why would they care if they defaulted on the loan, if they really cared to begin with they would have had a better credit rating and would have been able to get a normal loan.
The same thing is happening with collage students, the banks are more the willing to give them credit cards even though they have no credit or a way to pay it back, but they are young and dumb and more than willing to take that credit card.