You are missing the point of what just happened here. Home prices at this point are the least of our worries. We are now talking about the survival of the American way of life. We are going to put on the Gov’t balance sheet the excesses of the past 20+ years. The repercussions of this choice are going to be so painful that I won’t even bother putting them down because they will be seen as tinfoil. In a matter of years people will understand just how bad this decision was.
I consider myself a patriot and love this country dearly. I served as an officer in the USMC for over 12 years. I honestly now believe that I will retire in a foreign country because the standard of living in this country will go down that much.
