The Article: Housing rescue plan passes key Senate test

The mortgage aid plan would let the Federal Housing Administration back $300 billion in new, cheaper home loans for an estimated 400,000 distressed borrowers who otherwise would be considered too financially risky to qualify for government-insured, fixed-rate loans.

So let me get this right. We have 400,000 people who are fiscally irresponsible. So fiscally irresponsible in fact that they have chosen not to make payment on one of the fundamental requirements of human life: shelter.

Beyond the lack of fiscal responsibility, the very same 400,000 people also lack a fundamental requirement for American success: foresight. They couldn’t tell that they were over-extending their finances when they signed the documents to purchase their homes.

I think you can see where I’m going here.

400,000 losers. 400,000 people who made bad life decisions and who should suffer the consequences. 400,000 people who have proven they lack foresight, fiscal responsibility, and desire to provide for themselves the basic necessity of life. 400,000 people who signed a contract to pay for their home who ended up unable to hold up their end of the agreement.

So please, someone, anyone, tell me– why exactly should the fine taxpayers of these United States bail these folks out? Why should we exert our confidence in these deadbeats to the tune of $300,000,000,000?

Oh yeah. I know the reason. It’s an election year.

We are fools for allowing our Congress to buy votes in this fashion.