Ouch! McCain's Housing Solution Is a Gift from Taxpayers to Banks

Story is here.

That's all well and good, except if you read the Village Voice article on the mortgage crisis and Freddie and Fannie, HUD was one of the catalysts that ultimately necessitated the bailout of those two public-private entities.

I would also like to see a time limit put on this new layer of government bureaucracy so that it doesn't become a permanent burden on the taxpayer. I was also against the creation of the Department of Homeland Security not just on taxpayer grounds, but for fear that it would become an American oppression palace. I have been proven right on both counts.

We need a top to bottom reorganization of the DC bureaucracy anyway to put it on a 21st century footing and not the WWII one it is currently on.

Approved