Posted by
steve king on Saturday, April 14, 2007 11:54:19 AM
Great! Your Tax Dollars Hard at Work!
How does a Charles Schumer get into office?
“
The federal government should offer troubled borrowers hundreds of millions of dollars to bail them out of subprime mortgage loans”, several leading Democratic lawmakers said on Wednesday.
"The federal government can send in an infusion of [money] to prevent foreclosure," said Charles Schumer, a New York Democrat.
The cash infusion is needed right away and should go to both help fund community groups aiding troubled borrowers and to directly fund bailouts, Schumer said.
Schumer spoke as chairman of the Joint Economic Committee, a joint committee of Congress, and appeared with Democratic senators Robert Menendez of New Jersey and Sherrod Brown of Ohio.
He said he planned to introduce legislation soon. (And, he is chairman of the Joint Economic Committee?)
Maybe a 1600 on the SAT's does not indicate future academic performance.
Why should I have to pay for those idiots who were stupid enough to have borrowed beyond their ability to re-pay. Talk about slippery slopes. What’s next? Let free markets do what they always do. This is the Democrat’s idea of government and should frighten anyone with even a room temperature IQ. If it becomes the government’s responsibility to bail-out stupidity, we will be broke in a month.