Subsidizing Bad Decisions

Thomas Sowell has written an excellent piece about the mortgage debacle and how the taxpayers are getting screwed, bad behavior is being rewarded, and how Liberals are reacting to the result of the crisis. 

Since the average American never took out a mortgage loan as big as seven hundred grand — for the very good reason that he could not afford it — why should he be forced as a taxpayer to subsidize someone else who apparently couldn't afford it either but who got in over his head anyway?

Why should taxpayers who live in apartments, perhaps because they did not feel that they could afford to buy a house, be forced to subsidize other people who could not afford to buy a house but who went ahead and bought one anyway?

I couldn't agree more. Let them pay for their mistakes. Not me.