Don't You Want to Keep People From Losing Their Homes?

IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- The High Cost Of Subsidizing Bad Decisions:

"What is new is the current notion of indulging people who refused to save for a rainy day or to live within their means. In politics, it is called 'compassion' — which comes in both the standard liberal version and 'compassionate conservatism.'

The one person toward whom there is no compassion is the taxpayer.

The current political stampede to stop mortgage foreclosures proceeds as if foreclosures are just something that strikes people like a bolt of lightning from the blue — and as if the people facing foreclosures are the only people that matter."(emphasis added)

A liberal acquaintance recently asked my wife not to forward any more conservative emails to her. She supports Pres. Obama. Among her reasons for doing so was that she thinks it is a good thing to help people stay in "their houses." My response was, that I hated to see people lose their homes, too. But, if someone bought a house they couldn't afford for no money down, made no principal payments, and then defaulted on their mortgage, under what definition can you call it "their home?" Pres. Obama dishonestly promised in his Congressional address that taxpayer aid would not go to such people. But, as factcheck.org pointed out, he has absolutely no means of keeping that promise.