So everytime the economy gets bad and folks failed to save a nest egg when times were good it is the taxpayers responsibility to fund their past mistakes.
The American way.
Past mistakes like what?
-Flood?
-Illness in the family?
-Fire?
-Victim of a serious crime?
-Bad accident?
-Market crashes?
-Bank failures?
A lot of people find themselves in dire financial situations from "mistakes" that had nothing to do with their behavior.
If your neighbor burns his house down because he passed out while freebasing, are you required to make him whole again?
If your neighbor is a day trader and ruins his portfolio and bankrupts himself and loses everything, are you required to give him a do-over and make him whole?
If your neighbor mangles himself and his car wrapping it around a tree when 'accidentally' driving a little drunk on a rare occasion, should you be forced to replace the tree, car and medical bills?
Should you pay for your neighbor's medical treatment for lung cancer brought about by smoking?
If he is laid off and 'cannot' find another job due to his unwillingness to retrain or move, are you required to pay his bills and support him till he does (even if it never happens)?
Should you have to rebuild your neighbor's 1.5 million dollar home because he was stupid enough to build it on 20 acres of floodplain that's really bitching most times?
You seem to not understand the difference between stupid personal choices and natural disasters. Assumption of risk and personal responsibility are unavoidable and universal laws of life. No one can/should be automatically protected from their own incompetence or just plain bad luck. That's why we have private insurance that you are BETTING something bad will happen to you and when it does, you will be made whole again on your own dime. If you don't, you place your bets, you takes your chances.
Your neighbors are not, by default, responsible for the quality of your life. If they so CHOOSE to assist you and give you charity to help you out of a hole, that is well and good for it is the very nature and definition of CHARITY. But when you forcibly take from your neighbors to cover your own ass, and then use that as a reason to abdicate your own personal responsibility to pay for your own protection... that is parasitical, irresponsible and just plain wrong.
But... such is the nature of collectivist philosophical insanity. All are paid for existing, and none for their merits.
And while we're at it, answer me this: Why is the old homily "The road to Hell is paved with good intentions," so true?