Glenn Beck - Should the Federal Government assist mortgage defaulters?

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Glenn Beck The Federal Government should not assist mortgage defaulters. You should lose the house

Evidence approved (6/4/2008 3:28:04 PM)

You should lose the house

CNN.com

BECK: Here`s my point. I say the cure, the real cure is, just cut spending. You stop the government from spending all of this money, because that`s what`s really coming down our road, and breathing heavy down our necks in about four years.

Beyond that, if banks got greedy, let them pay the price for it. If you signed an interest-only loan, you are too stupid to own a house. You should lose the house. Let the people that made mistakes pay for the price -- pay the price.

Why should the American taxpayer come in and bail out a system and let them not feel the pain? Do you think anybody`s going to learn the lesson?