Day 1 (Part Deux) - The Angry Renter

I'm coming to the end of my first day on the job and just wanted to update everyone on some of the exciting stuff that has been going on. I arrived to the office bright and early this morning and went through the normal orientation. A couple hours later one of my bosses came and asked me to go with her to a meeting on Capitol Hill - pretty cool way to start off the job.

One thing that I had no idea about before arriving here, but that immediately caught my attention is the Housing Bailout Bill that Congress passed last week. In a nutshell, this bill would provide up to $300 billion in federal insurance to help refinance troubled mortgages - you know, those risky Adjustable Rate Mortgages that allowed folks to buy homes that were WAY outside of their means and then went south when the housing market slowed. Essentially, Congress is taking the tax dollars paid by Americans who have been responsible with their finances and lived within their means to bail out the 2% of the population that made an irresponsible fiscal decision. This is especially relevant to many people in my age group who rent their home because they do not make enough money yet to own. So, basically, if you have either opted to rent to save money or have been forced to because you're a poor college student, Congress has chosen you to bear the burden of someone else's irresponsibility.

I don't know about the rest of you, but I was raised to take responsibility for my own actions.

More info can be found here: http://www.angryrenter.com

-AB