I am in disbelief at how many people are walking away from their homes or filing for bankruptcy.
I understand if you lose your job or an illness occurs in the family that causes financial problems that keep you from keeping up with bills. But people who walk away because they choose not to pay their mortgage because they want to go on shopping sprees or rack up credit card debt intentionally because they are irresponsible individuals should be punished to the extreme.
The eye opener is that they get away with it and people like us who pay our bills on time are paying the consequences by living in the economy we are living in.
These people have no remorse for what they have done. The government should penalize these people not just by giving them bad credit but making them pay back every penny when they file their taxes. In the old days people didn't walk away from their homes -- at least my parents didn't. It was unheard of.