I'm always amazed at society's laissez faire attitude when it comes to understanding the costs associated with things. The recent mortgage scandals, etc., are paid by all of us in terms of lower house appreciation, higher property taxes, etc. People were using their houses, like a friend of mine so adequately stated, as credit cards thinking that there was unlimited amount of credit to pay for things, leaving the payoff of the debt to come when the house was sold.
This report from the WSJ today undermines the lack of understanding surrounding ANY congressional act. There is always a price-tag and like my earlier entry yesterday talked about, government historically has grossly underestimated these costs.
Private companies, immediately after the passage of this act, have responded by laying off employees (one of my close friends), restating profits, and bracing for the unintended consequences inherant with any legislation change.
Listen, I'm not saying that social programs are not all bad, but what I am hopefully articulating is the fact that many people go about their lives without knowing the impact their actions or inactions have on other people. Awareness and a little common sense can go a long way...
Grace & Peace...
PLW
