Author: Rory B. Bellows
Continuing to prove that he is the consistent free market, fiscally conservative spokesman the GOP has been longing for, South Carolina Governor Mark Sanford, in an interview with ABC’s The Note, spoke out against a proposal made by Senate Minority Leader Mitch McConnell to have the federal government back home loans at 4%.
Gov. Sanford rightly identified the problem as taking on debt to solve the problem of debt, think asset monetization, and told ABC “In the long run, it ain’t going to solve the problem… You can have a loan at 4 percent, you can have a loan at 7 percent, but if you’ve got too much debt, at the end of the day, there’s going to be an adjustment,”
Exactly. Crown this man!