Government about to strike out for third time


If the federal government was operating in the private sector, it would be bankrupt and out of business.

Social Security has not been fully funded and is not actuarially sound. In the private sector it would be considered a ponzi scheme (fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned) and would be shut down.

The situation for Medicare is much like that for Social Security. The question is not if, but when it will run out of money at current operation. Again, it is a system that would not be permitted in the private sector.

The housing market crisis is one created by the government. In the quest to help people purchase homes, the government took the wrong route. Instead of helping more people gain education and jobs that qualified them for home loans, pressure was placed on banks and other lending institutions to lower their standards to accept unqualified minorities and others. The threat was a large fine if the institution did not have enough of these minority loans.

Small wonder these new loans were defaulted on. Now the government wants to blame banks and lending institutions for making the loans their policies mandated -- shame.

The Democrats are pushing an expansion of government in health care. Would you hire a builder who had failed in three major projects to build an even bigger and more expensive home?

Theodore Richerzhagen III

College Place


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