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"Welfare State Mentality" at the bottom of our financial woes!
Eaglewings
follow
3
10-6-2008 9:44 PM
480 views
tags:
economy
,
economics
,
loans
,
money
,
real estate
,
home
,
government.subsidies
Eaglewings
says:
He who is ever desiring wealth goes running after money, and does not see that need will come on him. Prov 28:22 (BBE)
Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.
Prov 13:11 (ESV)
If you work hard for it you will appreciate the fruits of your labor more so then if it is simply handed to you without the toil and the sweat.
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/3b155f3b-fa9b-4197-945f-69e45c76652d/2A1AD8AA-A734-4B7A-BEAE-055BE9F3E91F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.onenewsnow.com/Perspectives/Default.aspx?id=277388" href="http://www.onenewsnow.com/Perspectives/Default.aspx?id=277388" style="font-size: 11px;">www.onenewsnow.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.onenewsnow.com/Perspectives/Default.aspx?id=277388">As our financial markets totter, as homes go into foreclosure, as Wall Street executives lose millions, as Americans have more and more difficulty getting loans, can anyone be happy?</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.onenewsnow.com/Perspectives/Default.aspx?id=277388">As the details behind the current debacle are unraveled, we see how government created one more entitlement -- the right to own a house -- and then devised an array of programs to subsidize in various ways "affordable housing." Like all welfare programs, the subsidies succeeded in influencing behavior, but the wrong behavior.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.onenewsnow.com/Perspectives/Default.aspx?id=277388">Those who want to use the current crisis as an excuse to expand government and welfare state policies contribute to laying the foundation for our next crisis.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/2A1AD8AA-A734-4B7A-BEAE-055BE9F3E91F/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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