People who get home loans are welfare babies!

I think my opponent is trying to make the case that since nobody will help you pay your home loan, Then that means you're not a welfare baby. I remain unconvinced. Does my opponent deny that most home loans since the great depression are made available through government subsidies? These loans require some form of public investment. Home loans can be streched out over a 30 or even 40 year period as opposed to the 3 to 7 years that private banks used to do, This is made possible by other peoples investment in your loan, Including taxpayer investment. Those who meet the criteria to be qualified for a home loan can do so because of these programs, Those who don't meet the requirements for a home loan still will have some of their taxes taken to help fund programs that they themselves cannot benefit from. Just as someone who does not meet the criteria for welfare, They will still have some taxes taken away to fund a government program that does not benefit them. Let talk about these stringent requirements that are needed to secure a home loan. Just a couple months ago, Congress eased banking laws that were put in place just after the housing bubble burst (Oh how easily we forget the lessons of the past). Https://www. Wsj. Com/articles/how-congress-rolled-back-banking-rules-in-a-rare-bipartisan-deal-1527030512. It happened in 87, It happened in 07, Now the pendulum has turned back toward easing banking loan rules, And that's the first domino in line to fall, Leading us on a path to more economic hardship. Before those crashes, Anybody with a face could get a loan. Who's to say that banks will not continue to prod lawmakers to convince them to roll back bank lending rules even more? After the next market crash, Who's to say those banks won't tuck their tails between their legs and give congress the poor puppy dog eyes and say, We need a bailout? I think my opponent was trying to elude to the fact that home loans aren't so easy to get because certain requirements are needed. I find that argument to be a smidge complacent. Maybe right now it's difficult, But as history has shown, Lending rules are not anchored. Just sit back and watch how much easier these loans will become to get, And be horrified at how quickly everyone will forget the lessons of the past. The US has an excellent credit rating. US bonds are considered to be a solid investment. If we don't keep our credit intact, Taxes will soar. Using our system of bonds wisely is of utmost importance. Investment in our infrastructure by selling bonds is a very good idea because interest can be made, That interest eases the amount of money taxpayers must spend to invest in things we need to invest in, I. E. Infrastructure, Our education system, And healthcare. A lower credit rating will permeate negatively in every aspect of public interest, And put added economic stress on all taxpayers. Our commitment to subsidize home loans puts an added burden on our credit rating. I am happy to hear that my opponent is doing well with his pursuit to own a home, But one thing we've learned in the last stock market crash was that nobodies jobs are truly secure during an economic downturn. Leave us not forget that in the few years that followed the housing market crises, The idea of a recession proof business was laughable. We all want to know that our jobs are secure, But we can't always count on that. When jobs are being lost up and down the board, People are going to miss payments on their home loans, It's inevitable. It doesn't make them bad people, And they can't necessarily be blamed, But sometimes it can't be helped. When our commitment to pay out on the bonds that the US has sold can't be met, Taxes will either go up to try and pay those bonds, Or taxes will go up because we can't rely on using bonds for public investment. During economic strife, The last thing we wanna hear is, It's gonna get worse because taxes are going up. The economic stress that subsidized home loans put on taxpayers, Our credit rating, And our general public interest is not sustainable. People who get home loans ARE welfare babies!