Saturday, September 19, 2009

FHA and FDIC are Broke

It always sounds good to say that you are going to "help" homeowners and "help" those who ........ But such "help" is not free. Someone is doing the "helping." Who? You! and future generations of unborn Americans. That's who picks up the tab on the trillions of dollars now being wasted by the FHA and FDIC. Congress will, no doubt, soon provide them with more dollars to waste.

Medicare, Social Security, and Medicaid are broke as well. So, lets expand them. Why not double down. Obama's health care plan is a double down strategy. As the country tips into bankruptcy why not expand our vision. If we are going to go broke anyway, why not splurge on the way down.

The seems to be the Obama strategy for now.