Only Ourselves To Blame
By Linda Chavez
October 3, 2008
Page 2 of 2
We have become a nation of debtors, and our only solution seems to be to turn to the government to bail us out. And it's not just Wall Street firms looking to be rescued. Politicians are fearful of passing a financial package that does not include some relief for borrowers as well. Certainly it is worth doing something to prevent lenders from making bad loans to individuals without the credit or down payment to ensure likely repayment. But automatically bailing out borrowers who weren't credit worthy in the first place is no solution.
Ultimately, all of us have got to rid ourselves of the addiction to spending money we don't have. Instead of pointing fingers, we'd better start looking in the mirror if we want to understand who's really to blame.
---
Linda Chavez is the author of "An Unlikely Conservative: The Transformation of an Ex-Liberal."
COPYRIGHT 2008 CREATORS SYNDICATE, INC.
--------------------
Note -- The opinions expressed in this column are those of the author and do not necessarily reflect the opinions, views, and/or philosophy of GOPUSA. >> Back -- Page 1 2
++ Discuss this topic in The Forum
Current rating:  5.0 out of 5.0 (18 total votes)
| 
