The Bush plan encourages foolish local-level borrowing. City and state have limited funds; they should raise bonds only for crucial capital projects, like building and fixing roads, bridges, tunnels, schools and subway systems. Any money the government raises to bail out a homeowner who made a bad decision is money taken directly from fixing a pothole-scarred road or an aging bridge. |
Read the rest of the story HERE:
At www.nypost.com
Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.