Welfare-state Policies Caused Financial Crisis

Quoting Star Parker, president and founder of CURE, the Coalition on Urban Renewal & Education, and author of the WND book ‘Uncle Sam's Plantation,’ where she offers five simple yet profound steps that will allow the nation's poor to go from entitlement and slavery to empowerment and freedom.
(I inserted the link):

“what we are watching is not a failure of markets, but the latest failure of the welfare state. The sad part is how few who wield political power seem to understand, or want to understand, that this is what's happened.

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.”

Click the image & read the rest:

Click here to read the primary post on this topic
(and all the rest).