Have the wife work too, and then hit AMT (alternative minimum tax), and see 41% of your combined income go to taxes, then tell me how fair life is.
Funny thing is we seldom wonder about, (or look down upon), those 6 guys that aren't taking care of their responsibilities.There's some women someplace with 6 kids from 6 different guys....
Not completely.It's their own f-cking fault, and it's pushed in my face by the media like I'm supposed to feel sorry for them.
Sounds like they overspent as well. The terms of the ARM may have changed, but they knew that was possible going into the deal. If they didn't want take that risk they could have paid a slightly higher rate and signed up for a fixed note.But others got screwed when banks were crumbling and ARMs were changing so much that some people's payments were QUADRUPLING!