There are examples galore of government's inability to do things well and at reasonable cost, but that doesn't deter those who continue to believe government can solve every problem.
The U.S. Postal Service wants to raise the cost of a first-class stamp from 46 cents to 49 cents in order to cover a "precarious financial condition." That will only encourage more people to stop sending mail, all but guaranteeing another rate increase down the road.
The White House announced a $300 million aid package for Detroit, a city in which Democratic rule, high taxes, out-of-control spending and years of corruption precipitated its financial collapse. Half of the money will go toward eliminating blight. The real blight is the Democratic Party that ruled and then ruined Detroit.
The Federal Housing Authority announced Friday it is taking $1.7 billion in borrowed money from the U.S. Treasury to cover projected losses in reverse mortgage programs. It can do so without congressional authorization. Actors peddle reverse mortgages on TV all the time and we're told they are "guaranteed" by the government. What could possibly go wrong?
