Exile From the Herd

[quote]
Last week, Ron Paul of Texas, said something so profound that it needs to be said here, please read this carefully:

"But the people who are screaming for the housing bailout are the people who got their houses for free. You know, they didn't have to put any money down. The house went up in value. They even borrowed more money. Then they spent it. Now they want you and I to bail them out so that they can keep their homes" - Congressman Ron Paul

You cannot explain what's going on with the latest "bail out" any better than Mr. Paul just did. People got into homes with no money, borrowed against the home because supposedly the value was increasing and then when they found they really couldn't make the payments when the rates reset, they whined to Uncle Sam and now YOU and I are going to have to pay to bail them out. Will I get their home in return for bailing them out? Will I get a percent of the profits if they sell? No. Will I get a lousy Christmas card? No. I get absolutely nothing. You get absolutely nothing. The only people that get something are the politicians who will get votes. Lets face it, if I was a deadbeat, living in a house I had no right to even consider, let alone buy, I'd vote for the idiot that is going to allow me to live there too.

And so it goes, the death spiral of the US economy.[/quote]