Obama Tells Taxpayers: “Pay for Others Mortgages, Home Equity”

Thanks to Obama, we now get to pay for other people’s mortgages AND equity that people took out of their homes! Hooray!

Definition of “Home Equity Loan“: Type of loan in which the borrower uses the equity in their home as collateral. This means people used the money to purchase a pool, buy cars, or make additions to their house.

Moral of the story? Be reckless with your money. Obama will use other taxpayer’s money to cover it.