The Wall Street Journal reports that someone in government has a plan. Unfortunately, that plan is, as usual, to steal more money from the productive among current and future generations so the unproductive can continue to live in their big, comfy houses which they really cannot afford.
Treasury Secretary Henry Paulson is asking lawmakers for unprecedented power in his plan to address the current crisis over Fannie Mae and Freddie Mac. And lawmakers, even if they may approve the proposal, don’t appear to be thrilled about handing over unlimited authority.
Paulson Mr. Paulson’s plan would increase Treasury’s line of credit for the two mortgage giants for 18 months, but without a specific dollar amount. (The credit lines are now at $2.25 billion for each firm.) It also would give Treasury authority for 18 months to buy equity in the two firms if necessary for the firms to have adequate capital.
![[Henry Paulson]](http://s.wsj.net/public/resources/images/HC-GI095_Paulso_20060913140044.gif)
If I like your house, and I come take it away from you with a gun, I’m a thief. If you like your house and you come take my money away with a gun so you can make your payments, well then, you’re a damn thief.
Why are we tolerating this garbage thinking? Why are we even talking about this stuff? If Fannie Mae and Freddie Mac cannot make it without stealing, they don’t deserve to make it at all.
The government, once it fully embraces the business of stealing from one group to bail out another group, will not last long. Thieves in uniforms are still thieves.