economy
Having the courage to say "stop"
Submitted by Drew Mckissick on Mon, 05/04/2009 - 13:40It's been more than a little amusing lately to watch politicians, interest groups and media types criticize Gov. Mark Sanford for saying “no” to spending an additional $700 million in federal “stimulus” money on anything other than state debt reduction.
This money represents less than 10 percent of the entire tab (including tax cuts) of federal dollars headed to South Carolina, yet you would think it was our entire budget, from critics’ reaction.
And keep in mind that many who are now criticizing the governor opposed the federal stimulus bill to begin with — the same bill that these funds will come from. (I’ll not name names to protect the guilty.)
The controversy is also amusing because our country’s fiscal policies are so insane that about all you can do anymore is laugh.
Liberal housing policies coming home to roost
Submitted by Drew Mckissick on Tue, 10/07/2008 - 09:44Let's get one thing straight. The government and its misguided housing policies caused our current financial mess. And, as a result, the government should help fix it.
That said, exactly "what" should have been fixed, "how" and for "how much" are the right places to focus our attention. But that doesn't mean we shouldn't make sure everyone knows exactly how we got in this mess.
The origins lie in the Clinton Administration's misguided attempt to raise the percentage of homeowners in America by forcing banks to give loans to people with, shall we say, less than stellar credit, (those "sub-prime" mortgages you keep hearing about).
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