Tuesday, March 10, 2009

Subsidizing bad decisions

Now that the federal government has decided to bail out homeowners in trouble, with mortgage loans up to $729,000, that raises some questions that ought to be asked, but are seldom being asked.


Since the average American never took out a mortgage loan as big as seven hundred grand— for the very good reason that he could not afford it— why should he be forced as a taxpayer to subsidize someone else who apparently couldn't afford it either, but who got in over his head anyway?


Read the entire article:





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