Posted on 03/02/2009 11:53:00 PM PST by Scanian
All government programs have unintended consequences. But rarely has a program been so potentially damaging to the American social contract than President Obama's Housing Relief Program. To most homeowners paying the mortgage is not merely a legal requirement; it is a moral imperative. The residential mortgage is also the financial and legal underpinning of the American Dream of homeownership. The President's proposal risks stripping mortgage obligations of their bedrock status in our society.
Government programs to redistribute wealth are unpopular with a majority of Americans. The mythical rich who did not pay income tax (in 2006 the top 10% of households with adjusted gross income of $108,904 paid 70.79% of federal income taxes) and welfare recipients like California's In Vitro Octomom are the sort of issues which dominate what substitutes for reasoned debate on wealth redistribution. We discuss these caricatures because people putting money into the system and people taking it out tend not to know each other. Our federal tax system transfers wealth from one socio-economic stratum to another.
(Excerpt) Read more at americanthinker.com ...
And thus, prohibited VERY clearly to the United States by Amendment X.
Not that the Constitution means anything at all to Osamabama and his fellow Marxists.
But, one **can** hope.
Not one unintended consequence has ever been predicted by a democrat.
Libs are in for a shock when they see what life is like under their policies.
since hillary gave the power of eminent domain to china in order for them to contimue buying our notes does it really matter about contracts anymore
or soon to be when we default
Great read.
Once neighbors start noticing the effects Obama’s redistribution plan is having up-close and personal and witness those that benefit from it, there will be consensus against it. The potential distrust that this redistribution creates could last for a generation.
When they get rid of the hated rich white capitalists. Who will pay the taxes these parasitic mooching pests survive on?
It's all about lowereing our std. of living to the lowest common denomenator LCD.
Who is John Galt?
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