GOVEROTRAGEOUS: 5B$ down the rathole

Sunday, November 8, 2009

http://finance.yahoo.com/news/Freddie-Mac-posts-5-billion-rb-3083454207.html?x=0&.v=3

Freddie Mac posts $5 billion loss
* On 7:00 pm EST, Friday November 6, 2009
By Al Yoon

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NEW YORK (Reuters) – Freddie Mac (NYSE:FRE – News; NYSE:FRE – News), the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a “prolonged deterioration” in housing.

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Well, isn’t that just great!

If it was a real business, we could just let it go to bankruptcy court.

Another “gooferment sponsored entity” that’s a rat hole for the taxpayer to pump more money into.

I’m sure the congress critters will certainly give them more money we don’t have.

Argh!

And, what’s the impact on the country, the taxpayers, and the people.

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POLITICAL: State theft for “eddykation”

Sunday, November 8, 2009

http://irisheagle.blogspot.com/2009/11/fee-paying-schools-cost-or-savings-for.html

Friday, November 06, 2009

Let’s pay more taxes to punish the rich!

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This morning’s Irish Times reports that taxpayers forked out €100m to “support” private fee-paying schools. Sounds like a scandal in these economically straitened times. Yet …

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I’d suggest that the problem is that the taxpayer is being forced to fund yet another activity. Education is the parent’s responsibility. Not the taxpayers’. We taxpayers don’t get the decision to have the children so why are we forced to pay to educate them. Education should be a valuable service that parents should be willing to pay for. Then teachers could earn what they are worth. If we are concerned about “bad parents”, that’s a different issue. Here in New Jersey, old folks are being forced to leave the State due to high taxes. It’s just not “fair”. Argh! We need a new model based of freedom and liberty.

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Posted by reinkefj