July 28, 2008
The House last week passed a bill designed to help people who are behind on their mortgage payments and facing foreclosure. After threatening to veto the measure, President Bush now says he will sign it if it passes the Senate.
This is another case of the federal government stepping in where it doesn’t belong. Many people who are in trouble with their house payments bit off more than they could chew. If some were defrauded, as so-called housing advocates claim, there are laws about that and the victims can seek redress in court. But a blanket bailout to who knows how many people is an outrage on top of the outrage that will bailout mortgage lenders Fannie Mae and Freddie Mac. When will it stop and who will stop it?
The spirit of entitlement has gripped the land like a blood-sucking leach. People think they can make any decision and if it’s wrong, the government will bail them out. I’m all for compassion for the truly needy. I’m against bailouts for those who have been truly greedy. The two groups should be separate and dealt with accordingly. Trying to live within my means, I’m Cal Thomas in Washington.
Cal Thomas is a nationally syndicated columnist based in Washington, D.C.