Old Blogs
October 22, 2010 8:41 AM
The failures of government in radio and housing
Posted by Laura Ingraham
The fury over Juan Williams being fired from NPR has led to an outcry of support for Juan, and calls to pull all federal funding from NPR. The government should not have a hand in journalism because when you are reporting on those who feed you, unbiased reporting is nearly impossible. Luckily, this sad scenario does have a glass half full side to it- ending the government sponsorship of industries it deems important. While pulling federal funding from NPR is a good first step, the next move is to remove the government from the industries that should be controlled exclusively by the private sector.

NPR receives $3.3 million of federal funds, pennies compared to the $3 Trillion in debt Obama has racked up since January 2009. However, there is a much larger intrusion into the private sector that is costing taxpayers billions, the "government sponsored entities' known as Fannie Mae and Freddie Mac. Today we learn that the bailout of these firms is, yet again, is now going to total at least $363 Billion by 2013. This massive bailout of two institutions that never needed to exist is far more offensive than the chump change we give to NPR.

While NPR is a great place to start in the long list of things to cut in the government, it is clear from this new report on Freddie and Fannie that we still have a ways to go.
Del.icio.us Facebook Fark Furl
Google Newsvine Reddit Yahoo
<< Back to Old Blogs