Bail

I don’t know what to think about economic news today. But maybe I can channel what some of my neighbors are thinking.

My family and I recently bought a new home for six figures. Six-and-a-half orders of magnitude smaller than what didn’t get passed in Congress today. Over the life of my loan, I will pay my mortgage holder, whoever that may be, more than twice today’s (or yesterday’s) value on the property. If I stay put and don’t get rich, I’ll be almost eighty when I’m debt-free. Four presidents in the future, minimum.

How many Americans would have liked to see Wall Street put on a payment plan? How about coming up with a down payment? Another commentator I read somewhere suggested CEO’s attend mandatory credit counseling … like other problem borrowers do when the culture wants to exact a penalty.

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About catholicsensibility

Todd and his family live in Ames, Iowa. He serves a Catholic parish of both Iowa State students and town residents.
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One Response to Bail

  1. jonolan says:

    You’re joking, but much of what you said mirrored the Republican proposal that didn’t make it past the Senate last week.

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