• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Don't Let 'Do Something' Become an Excuse for Waste and Risk

    The agreement reached by the Leadership in the Senate to bring housing legislation to the floor is both good news and bad. It is good news in that it is important that Congress be able to move forward with the people’s business. Perpetual deadlock may keep bad things from happening, but it also prevents good legislation from being debated.

    Unfortunately, there is little chance that anything good will come out of the housing debate. Congress can do very, very little that will will help the housing sector generally regain its feet or that will ease the financial straits of families struggling to afford ill-advised mortgages. But there is a great deal that Congress can do to waste taxpayer dollars, to risk taxpayer dollars with risky bailouts of irresponsible borrowers, or to push for tax credits that do little more than build up the downpayments of already credit-worthy borrowers.

    Sadly, it appears that Congress is more consumed with a desire to “do” something about housing than to do something useful about one of the many other issues where congressional action could make a real difference.

    Posted in Economics [slideshow_deploy]

    Comments are closed.

    Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

    Big Government Is NOT the Answer

    Your tax dollars are being spent on programs that we really don't need.

    I Agree I Disagree ×

    Get Heritage In Your Inbox — FREE!

    Heritage Foundation e-mails keep you updated on the ongoing policy battles in Washington and around the country.

    ×