A Moment of Candor

It is rare in the Obama age to hear much candor from government officials pointing out the damage caused by government bailouts. This article at http://cnn.com is one of these rare instances.

If you feed the neighborhood cats, they will hang around your house. If you bail out imprudent financiers, they will remain imprudent, and expect further bailouts.

Bailouts are more damaging for what they do to our character than what they do to our wallets.