Your Congressman Is Now Your Loan Broker
Ugh…
WASHINGTON – Can’t afford your mortgage payment? If the bank won’t take your call, your member of Congress just might.
Several lawmakers whose districts are drowning in foreclosures are taking unprecedented steps to help people stay in their homes, including picking up the phone themselves to negotiate with banks on behalf of their constituents.
Think about that for a moment. If a member of Congress gets on the phone with a bank, is there not an implied threat of adverse legislation or regulatory policy if the bank doesn’t do what the Congressman in question wants? Are we Americans going to so totally abdicate our individual responsibilities and independence that our politicians are now our loan brokers?
Should we let the politicians feed us and find us jobs and buy our cars for us too?
Remember that the government powerful enough to give you everything is also powerful enough to take everything away.
