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:

 

http://www.jewishworldreview.com/cols/sowell031009.php3

 

ARE YOU STIMULATED YET?

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