“Welfare State Mentality” at the bottom of our financial woes!

Allen Frederick

clipped from www.onenewsnow.com
As our financial markets totter, as homes go into foreclosure, as Wall Street executives lose millions, as Americans have more and more difficulty getting loans, can anyone be happy?
As the details behind the current debacle are unraveled, we see how government created one more entitlement — the right to own a house — and then devised an array of programs to subsidize in various ways “affordable housing.” Like all welfare programs, the subsidies succeeded in influencing behavior, but the wrong behavior.
Those who want to use the current crisis as an excuse to expand government and welfare state policies contribute to laying the foundation for our next crisis.
He who is ever desiring wealth goes running after money, and does not see that need will come on him. Prov 28:22 (BBE)

Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.
Prov 13:11 (ESV)

If you work hard for it you will appreciate the fruits of your labor more so then if it is simply handed to you without the toil and the sweat.

Discover more from A View from the Nest

Subscribe to get the latest posts sent to your email.

What do you have to say?