Government takeover
Cry Wolf Quotes
In 1989, sympathetic members of Congress got the Home Mortgage Disclosure Act amended to force banks to collect racial data on mortgage applicants; this allowed various studies to be ginned up that seemed to validate the original accusation… bank regulators required the loosened underwriting standards, with approval by politicians and the chattering class. A 1995 strengthening of the Community Reinvestment Act required banks to find ways to provide mortgages to their poorer communities. It also let community activists intervene at yearly bank reviews, shaking the banks down for large pots of money.
It would result in further and unnecessary intrusion of the Government into the domain of private enterprise, thus aggravating the hardships which have already been caused industry by extensive government regulations, restrictions, and competition.
Citizens against Unfair Taxes, or CUT, has held protests in several Northeast Arkansas stores during the past two weeks, handing out literature that says the tax would go into the ‘black hole of government spending.’
There is definitely a major disconnect between our leaders in Trenton and the people who pay taxes and employ residents. Legislators and the governor seem to think our residents and employers have deep pockets and unlimited resources to fund their bloated bureaucracy, when that is far from the case. This madness has to end.
