Borrowers, don’t hold your breath for a bailout.

But the modest federal and state aid proposals advanced so far suggest that most people struggling with onerous loan payments are unlikely to get government assistance, the Los Angeles Times reports.

The Bush administration has ruled out a blanket program to help homeowners stave off foreclosure, reasoning that it’s “not an appropriate role for the federal government,” White House spokesman Tony Fratto said.

And at the state level, “there is only a limited amount we can do for people who are affected right now,” said Assemblyman Ted Lieu (D-Torrance), chairman of the Assembly Banking Committee.

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