Sunday, April 06, 2008

Mortgage Lapcats

The potential mortgage bailout lapcats comprise six percent of mortgage holders. That means we're having a national come apart over a minute portion of Americans who probably don't deserve our sympathy.

By the way, their lapse in judgment will be charged not only to the 94 percent who are making their mortgage payments, but also to the folks who didn't get a mortgage because they couldn't afford it.

The federal govnt never asks you if you can afford to subsidize some one else's problems. Worse, it taxes you based on the money you have made, not the money you have. If you did well last year, but are in dire straights now, tough.

Support the Fair Tax.

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