Keyword: unaffordablehouse

Brevity: Headers | « Text »
  • Subsidizing Bad Decisions (Thomas Sowell)

    03/10/2009 9:02:43 AM PDT · by jazusamo · 34 replies · 1,326+ views
    GOPUSA ^ | March 10, 2009 | Thomas Sowell
    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? Why should taxpayers who live in apartments, perhaps because they did not feel that...