There's a guy I know, in his late 50s now, both he and his wife do government contract work, always paid his bills on time, paid their taxes, bought a house that was affordable (at the time) and was able to put extra money away into savings.
6 months ago his wife's contract went bye bye and when nothing came through she went into a depression. His job was downgraded and in order to have a job he had to take a major cut in pay and the job has no medical insurance. He does what he can for extra money but has some developing serious physical ailments which limits what he can do and may not be able to continue working without proper medical care which he can't afford.
Their emergency funds are almost gone and without some kind of intervention they will possibly lose their home.
Life is hard for everyone. Instead of having his hand out for a bailout maybe he should start paying more attention to who he elects into office, and whats going on before there is a crisis.
Considering he is in his 50's it means that he worked during the boom times. He should have made better decisions back then.
If anyone is going to be bailed out it should be the youth of the nation, who were not around for the boom and only inherited the bust.
Interesting, I reread my post and couldn't find anywhere that I said he had his hand out and like many he made both good and bad decisions based on the common lack of owning a working crystal ball.
And what I'm reading in your response is "hey, he's had his shot, he's obsolete, he's no longer economically viable so we should just toss him out in favor of a newer model".
Nice, really nice.........