Showing posts with label state. Show all posts
Showing posts with label state. Show all posts

Friday, April 20, 2007

Subprime Bailout

I agree with the author of this article (Footing the Bill for the Subprime Fiasco). Toward the end of the article she briefly bring up the point that a Subprime Bailout sets up a precedence that could be hard to keep up with. I have never understood why the government protects the few in so many situation. There are several of us out there paying our bills, taxes and all other expenses on time. Why should we be the one's footing the bill through our taxes for the few who are not responsible and make financial mistakes? I believe her example about Baby Boomer's not being financial responsible for retirement is the perfect point for the next great "Governmental Debate." Why should the government give handout to those who can not prepare for themselves?