Michelle Malkin - Should the Federal Government assist mortgage defaulters?

Against Bailouts

I knew I should have withheld comment. Last month, I said something nice about John McCain’s tough-sounding stand against federal housing bailouts. Should have known better.

And later...

Bottom line cost to the taxpayers: At least $3 to $10 billion.

At least.

As for this statement– “There is nothing more important than keeping alive the American dream to own your home”–I can think of a few things more important:

Rewarding thrift. Getting government out of the business of shielding individuals and corporations from the consequences of their actions. Refraining from interventions that will only encourage mortgage defaults.

For starters.

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