how big government fails

S

SmarterthanYou

rebel
This is what happens with big expensive government programs meant to help people. they fail because of massive amounts of red tape.

borrowers exit troubled Obama mortgage program

The Obama administration's flagship effort to help people in danger of losing their homes is falling flat.

More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out. That's more than the 27 percent who have managed to have their loan payments reduced to help them keep their homes.

Last month alone, 150,000 borrowers left the program -- bringing the total to 436,000 who have exited since it began in March 2009.

Administration officials say borrowers will get help in other ways. But analysts fear the majority will still wind up in foreclosure.

A major reason so many have fallen out of the program is the Obama administration initially pressured banks to sign up borrowers without insisting first on proof of their income. When banks later moved to collect the information, many troubled homeowners were disqualified or dropped out.

Many borrowers complained that the banks lost their documents. The industry said borrowers weren't sending back the necessary paperwork.
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SmarterThanYou said:
This is what happens with big expensive government programs meant to help people. they fail because of massive amounts of red tape.

borrowers exit troubled Obama mortgage program
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This program was not a failure of "big government." It was a failure of the government kindly requesting banks to do something without actually compelling them to actually do anything. Basically, the government didn't do squat but ask the banks to do borrowers a solid. And *shockingly* it didn't work.
 
NigelTufnel said:
This program was not a failure of "big government." It was a failure of the government kindly requesting banks to do something without actually compelling them to actually do anything. Basically, the government didn't do squat but ask the banks to do borrowers a solid. And *shockingly* it didn't work.
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in other words, it failed. :clink:
 
SmarterThanYou said:
come now, nigel. no reason to be angry.

government fails, it's what it does by its very nature.
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Well, for a minute there I though you had a point other than GUBMIT IS TEH SUXORS. Sadly, no.

I mean, this program could have worked pretty well if it was actually a big government program and not a soft nudge for the banks to maybe try and like help some people out if they like feel like it maybe sometime.
 
NigelTufnel said:
Well, for a minute there I though you had a point other than GUBMIT IS TEH SUXORS. Sadly, no.

I mean, this program could have worked pretty well if it was actually a big government program and not a soft nudge for the banks to maybe try and like help some people out if they like feel like it maybe sometime.
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normally, i would agree, however, over the last 25 years i've watched the government implement a program only to have it fail. So the next step for government to take is to reimplement teh same program with harsher and more rigid rules, eventually leading up to everything just short of mandating it. Because by that time, the crisis is usually over with by the majority of the populace either having given up, losing out, or finding another way on their own to manage their crisis. Through it all, government made out like bandits with spending money, usually with millions added as pork to whatever spending atrocity they write to correct the last failure.

would you not agree?
 
SmarterThanYou said:
was it 'big governments' program? and it failed?

then it was big governments failure.

it's really quite that simple.

reference the first line of my signature.
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What you're saying is pretty simple to understand. If it's this subject, or another one, some people worship government as if it were God. They must either work for gov't, or are on welfare, and they're never going to get what you're saying.

They don't live a life of working hard and seeing more and more of their money taken from them, and waisted like gov't "ALWAYS" does.
 
SmarterThanYou said:
normally, i would agree, however, over the last 25 years i've watched the government implement a program only to have it fail. So the next step for government to take is to reimplement teh same program with harsher and more rigid rules, eventually leading up to everything just short of mandating it. Because by that time, the crisis is usually over with by the majority of the populace either having given up, losing out, or finding another way on their own to manage their crisis. Through it all, government made out like bandits with spending money, usually with millions added as pork to whatever spending atrocity they write to correct the last failure.

would you not agree?
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His God is big gov't, and he doesn't know how to notice reality.
 
How come non of you small goverment public high school graduates ever say dick about the bloated Military Budget??
 
Topspin said:
How come non of you small goverment public high school graduates ever say dick about the bloated Military Budget??
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obviously you haven't paid attention to my issues with the military budget. I watched my own unit wast 25k to buy new paint, brushes, and other equipment to strip, sand, and repaint the baseboards of every single one of our barracks rooms and hallways, KNOWING that they were going to be demolished in 6 months because they were building new ones a few blocks away. It was done so that they wouldn't lose that money for the next budget fiscal year.

Military spending does need to be cut, badly.
 
SmarterThanYou said:
obviously you haven't paid attention to my issues with the military budget. I watched my own unit wast 25k to buy new paint, brushes, and other equipment to strip, sand, and repaint the baseboards of every single one of our barracks rooms and hallways, KNOWING that they were going to be demolished in 6 months because they were building new ones a few blocks away. It was done so that they wouldn't lose that money for the next budget fiscal year.

Military spending does need to be cut, badly.
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Isn't your example pretty common for all parts of gov't.
 
SmarterThanYou said:
normally, i would agree, however, over the last 25 years i've watched the government implement a program only to have it fail. So the next step for government to take is to reimplement teh same program with harsher and more rigid rules, eventually leading up to everything just short of mandating it. Because by that time, the crisis is usually over with by the majority of the populace either having given up, losing out, or finding another way on their own to manage their crisis. Through it all, government made out like bandits with spending money, usually with millions added as pork to whatever spending atrocity they write to correct the last failure.

would you not agree?
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Your paint brush is pretty broad.
 
The largest American employer is, by far, the United States federal government with over four million employees worldwide.

You can't cut spending without cutting jobs and benefits.

That won't happen.
 
NigelTufnel said:
Well, for a minute there I though you had a point other than GUBMIT IS TEH SUXORS. Sadly, no.

I mean, this program could have worked pretty well if it was actually a big government program and not a soft nudge for the banks to maybe try and like help some people out if they like feel like it maybe sometime.
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It wouldn't have helped people who could not afford their mortgage to suddenly be able to. Even after modification many of the people in the program could not afford the homes. It is that simple.
 
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