Apr 25, 2008 | 10:30 PM
Category:
News
There
Ain't
No
Such
Thing
As
A
Free
Lunch.
I hear a great deal of discussion about how the Democrats are going to "give" everyone "free" healthcare. First of all, there's no giving or not giving, it's all a matter of allocating funds. And those funds have to come from somewhere. Unless we simply print money, causing the dollar to sink further, then that means the money either has to come from cutting other programs OR from levying heavier taxation. There is NO SUCH THING AS A FREE GOVERNMENT PROGRAM. You and I pay for it. I wonder how happy the many supporters of these programs will be when they get the sticker shock from the smaller take home pay on their paychecks.
In another attempt to extort more money from the American public, there's currently legislation on The Hill to bail out folks that defaulted on their home loans. I have a question. If your neighbor takes lush vacations, buys a new car every year and sends their kids to expensive private schools, but defaults on their home loan, should his neighbors have to pay more in taxes to bail him out? Life is about choices. If you have never played the game "Life" I recommend you do. There are financial, educational and lifestyle decisions involved in every aspect of life. And for people that make bad decisions, there should be consequences. It's hard for me to feel much sympathy for people that insist on buying to the last penny limit of their credit worthiness. And it is equally hard for me to feel sorry for grown up people who sign mortgage contracts and then get upset when the balloon goes up. If you don't want to have to have such mortgages, then hold off buying a home, save some money, pay off some bills and improve your personal credit score. I know that bad things happen in life, but I am getting really tired of having to pay more for insurance because other people don't want to be bothered, having to pay more for healthcare to subsidize folks that would rather vacation than pay insurance and having to bail out home loans that should probably never have been written. Last I heard it's less that 5% of the loans that are defaulting. Sure that's a big number, but it also means that 95% are doing what we have to do, making the adult decisions and sacrifices, to keep our bills paid. Why do we have to pay more for other people's bad choices?