Sub-prime Bail Out

Radar · 11-08-2007, 06:35 PM

The role of the U.S. Government isn't to defend people who bought more house than they could afford. The markets take care of themselves. The government should not intervene. The more people who lose their houses, the more affordable houses become and others who act more responsibly and don't have as much money will be able to buy them at the lower price.

I don't see why responsible people should be taxed to pay for the irresponsibility of others and also don't see how the government should be involved at all.

When the government meddles in the markets, we have disaster. That is what caused the great depression in America. When markets are allowed to adjust naturally without intervention, we have normal cycles.

11-08-2007, 06:35 PM	#10
Radar Constitutional Scholar Join Date: Dec 2002 Location: Ocala, FL Posts: 4,006	The role of the U.S. Government isn't to defend people who bought more house than they could afford. The markets take care of themselves. The government should not intervene. The more people who lose their houses, the more affordable houses become and others who act more responsibly and don't have as much money will be able to buy them at the lower price. I don't see why responsible people should be taxed to pay for the irresponsibility of others and also don't see how the government should be involved at all. When the government meddles in the markets, we have disaster. That is what caused the great depression in America. When markets are allowed to adjust naturally without intervention, we have normal cycles. __________________ "I'm completely in favor of the separation of Church and State. My idea is that these two institutions screw us up enough on their own, so both of them together is certain death." - George Carlin

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)