by Nick Todd

Created on: May 28, 2009   Last Updated: May 29, 2009

The federal government should offer foreclosure bailout relief for struggling homeowners because the government allowed the economy to get out of control. They allowed huge loans to be given to people to buy big houses, big cars, or just an expensive watch. If the government is going to allow a bank to give 50 year loans, surely they are should take some blame, and give some relief.

Is it sometimes the homeowner's fault? Yes it diffidently can be depending on the case in which the homeowner is in. But, on many cases, foreclosures are caused by people buying houses they can't afford by taking huge loans. Not only do people take out huge loans on houses but they do for other reasons as well such as pricey furniture, clothing, or jewelry.

The Federal Government should still allow assistance because many homeowners also, can not get a job no matter how hard they try, and even if they have a job, they might have a taken a big pay cut in order to keep that job and that could be part of the reason they can't pay for that house, big or small.

We should not have to be talking about this situation. The government should not have allowed these loans. In order to prevent ourselves from falling into this place again, we need to learn our lesson with giving out huge loans and allowing the economy to suffer! This can happen by being more conservative with our money.

If we have the option to go out to eat or to eat something at home, safe yourself some money and some unhealthy salt! If you see that watch or that Ipod you wanted, leave it alone! Don't go on vacation yet. Give it a rest, wait for the economy to get better before you enjoy yourself. But be careful; do not let yourself fall back into the trap of huge loans and paying way to much for things that aren't worth half what we pay. Do you really need a big house? Though now is not the time to sell it, think about this in the future.

As our country is taking steps into going green, we are realizing the necessary modernization we need to apply to our daily lives to save the planet, money, and the economy. We are buying smaller, more fuel efficeint cars, and we are using less water and trying to buy smaller things to live with because seriosuly, it's cool now to be economical. So in the end, while the federal government really does need to give out these bailouts, they also need to give out instruction on how to live so we do not fall into this same nonsense that plagues us from getting good pay, or even a job today.

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