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: BeldarBlogDurbin's using financial crisis to extort redistribution of wealth from responsible homeowners to the profligate
By Beldar
Some people, including me, are worried that the proposed financial bailout will eventually cost taxpayers a big net chunk of money, either through higher taxes or increases in the national debt, if the bailout structure doesn't repay the Treasury. But did you realize that Dick Durbin, Barack Obama's senior partner in the Senate from the Great State of Illinois, is trying to use the current crisis to extort a ginormous transfer of wealth, via across-the-board home mortgage rates, directly from the responsible homebuyers to benefit the irresponsible ones? So shows, I'm confident, my latest guest post at HughHewitt.com.
Full post as published by BeldarBlog on September 25, 2008 (boomark / email).
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