Dude, I've had my house for years and years. It's paid off. See, unlike you, I ain't in this for myself.

I agree. It isn't the governments problem to bail out Americans that spent too much.

"we probably only need half the military if we only conflicted for defence"

>>>Last I heard, we spend more on our military than the next 10 countries COMBINED.

Food for thought; maybe if those 10 other countries spent a 1/4 of what we did we could save some spenditure on our military and not be the "Super Hero of th world".

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You ever figure that these people bought, not because they overspent, but at the time, it was cheaper than renting. Around here, rentals are scarce, very scarce, and even though housing prices are HIGH, it is still much cheaper to try and buy a house.

Unfortunately, many didn't plan for the future enough, or perhaps some unexpected extraordinary expenses came up. Now combine that with (if you have an ARM loan) the interest rates going up, property taxes going up, taxes for bond issues going up, cost of living (especially groceries, and fuel) and the freezing of wages, and viola, you have bankruptcy. It is not necessarily that they were living beyond their means.

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I never felt any need to be superhero of the world.