America Quote by Rick Santelli
“Government is promoting bad behavior... Do we really want to subsidize the losers' mortgages? This is America!”
About This Quote
Source Speech: CNBC commentary on mortgage subsidies, 2008
Critiques government support that rewards poor financial decisions, urging personal responsibility and market fairness.
In simple terms: Warns against rewarding bad behavior with subsidies.
Key Takeaway
Consider the impact of subsidies on behavior.
Themes
economics
government policy
personal responsibility
Mood
critical
concerned
Type
political
economic
When to use this quote
- housing market
- public policy debates
- taxpayer funds
- financial literacy
Key Concepts
moral hazard
market distortion
Questions to Reflect On
- How do subsidies affect individual choices?
- What alternatives exist for supporting homeowners?
A Different Perspective
Subsidies may create dependency and reduce incentives for prudent behavior.
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