Quote Originally Posted by David88vert View Post
I know of several families where both parents were working and making close to $100K - each. They had nice houses, cars, and only moderate debt. Then both parents lost their jobs within a couple of months of each other. Two parents working at McDonalds or similar do not make even close to half the income of even one parent. It's simply not possible for a family to survive. There was no option to sell their houses and downgrade, as no one could get loans to purchase the houses, and they were already underwater.

If you really want to understand the economic policies that allowed all of this to occur, I suggest that you watch "Inside Job" from Sony Pictures. It came out in 2010.
Thats life man, plain and simple. Dont take a mortgage you dont understand and cant payback, people lose jobs all the time. Ive been laid off, had friends laid off, lost money, made money, its life.

YOu dont subsidize bad times to keep people from pain. Pain breeds innovation, determination, drive, work ethic, etc.

Its a slippery slope to say "we will just pay everyone $9 an hour to solve the economic problem".