With all of the money the Govt. is throwing around, I want to ask one question that everyone like me is asking – What about those of us who have done all of the right things? Those of us who have been keeping up on our mortgage payments. Those of us who aren’t over-extended. Those of us trying to live within our means. If the Govt. is in the mood to bail-out everyone, shouldn’t we all just stop paying our mortgage? Think about it. The Govt. has now taken the step to nationalize the mortgage industry. If I stop paying the mortgage, they won’t foreclose on my house. They can’t afford it. There will be a moratorium on foreclosures anyway! Then, after not paying the mortgage, I would fall into that category of struggling homeowner and the govt would be there to help me out. All of a sudden, as soon as I become irresponsible, the govt will be there to help me out.

What are the consequences? Well, first, I would save my largest debt payment. That’s over $18,000 per year. That’s a nice savings account. Second, I could negotiate a new loan based on the actual value of my home – which keeps going down. My credit will be marred but I have so much credit available to me right now that I don’t need any more. And – more than likely, the govt. will wipe out any bad credit reports to make it easier for me to borrow again (they need me to keep borrowing). Is it worth it for the amount of money I would be saving?

It’s an entertaining thought. So – politicians – what is your answer? Should I become irresponsible so I can get the govt. candy?

I’m not the only one thinking this way.