It's the Lack of Accountability, Stupid

{link » It’s the Debt, Stupid}

The blame game goes on and on. But so far no one seems willing to tell the American people the truth: It is not just "they," but we, the people, who have recklessly borrowed to spend what we haven't yet earned. [emphasis added]

Obviously Victor "seems willing to tell the American people the truth". But I know he meant the candidates are unwilling to do so. I myself have been more than willing to tell the truth as I see it, and many other bloggers have too.

If 70 percent of the American people scrimp to buy a home, we can't endanger their financial solvency by waiving the rules for others, who can't or won't pay the mortgage debts they freely incurred. It's time to tell the public that you must budget to buy a house, see it as a place to raise a family and pay the mortgage you took on. And if that's not possible, then keep renting.

I think the problem is that those "who can't or won't pay the mortgage debts they freely incurred" won't listen to anyone about the error of their ways, which BTW involves more than mere insolvency. As I have ranted on about frequently here, the underlying problem is unwillingness to assume personal accountability. We are a nation of parents/adults and children/no-accountables. We have enabled a not-insignificant fraction of the legally-adult population to cling, not to their guns and religion as Obama thinks, but to their dependency on Obama-style handouts that in turn destroy wealth across the board.

Our national tragedy will be that the no-accountability will metastasize and consume us, as it already has portions of our consumer society, and to a greater extent our all-consuming government.