Before you dismiss this as another crazy idea from a big-government loony, think about what it could mean to you:
Housing experts painted a grim picture of Los Angeles' real-estate market Tuesday as City Councilman Richard Alarcon called for city, state and federal funds to help bail out city homeowners who can't pay their mortgages.
Warning that the region is embroiled in a foreclosure upheaval, Alarcon said he's also considering asking lawmakers to declare a state of emergency to direct state and federal money to counseling and loans for people about to lose their homes.
If this catches on, I see many opportunities. I am tired of being on the giving end of the growing transfer-of-wealth business, which has become the chief function of government. I want to receive for a change, starting with my mortgage. As it happens, I just paid off my car, but if I know the government will bail me out, I can buy a much nicer replacement. I don't require all of my utilities to be taken care of, but a little help would be nice. My cell phone and cable and Internet bills are getting way out of hand, and then there are the credit card bills
Wait a minute. There is this little, quiet voice in my head saying, "Risk. Reward. Responsbility." Shut up, little, quiet voice!
