Quote:
Originally Posted by RIJIMMY
so you dont believe there should be quialifications for federal small business loans, federal student loans, federal science grants?
how does that differ from food stamps? you have to meet certain qualifications in order to be part of the program.
if you are arguing the Fed should not be in any of this business, I understand but do not wholeheardtly agree.
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Yup, I am arguing that the Fed should not be in this business of providing food stamps, and in most other redistributive, winner and loser schemes. Loans to individuals should be left to private, free-market entities. If the citizens of the various States wish to create State loans that is their prerogative. It is not, or should not be, the prerogative of the Federal Gvt. to impose the responsibility of such loans to individuals on all of us. Nor should it even be the prerogative of the Federal Gvt. to pick and choose to which or which type of individuals it will grant loans. Deciding which citizens will "benefit" the nation more than others is not only contrary to equality before the law, it is not the Federal Gvts. business. Why should science or students be considered more equal than the average citizen? And don't such grants and loans actually raise the cost of research and education? You're in finance. Doesn't market distribution of wealth and determination of price create a more realistic and inexpensive product than when government determines the distribution? The massive and ever-growing National debt should be a warning sign that the Federal Government has over-reached its Constitutional function and is in danger of creating an uncontrollable welfare state that will harm us as citizens and individuals far more than help us.