In yet another sign of how bankrupt this generation has become, the news yesterday reported a choice morsel.

Our Congress and Senate are poised to pass a $200 Billion Mortgage Aid bill that will make available cheaper home loans to an estimated 400,000 borrowers who are considered "too risky" to qualify for normal loans.  

Congressional leaders are debating on how high to place the loan limits.  What's your guess on the per-person limit these struggling homeowners will be allowed to be helped by us tax-payers?   The Senate says the limit should be $625,000 and the Congress says it should be $730,000.

Mike Enzi, R-Wyo, is the only voice of reason that I've heard: "They expect the federal government to turn their backs on responsible lenders and borrowers and renters waiting - waiting - to become first-time homeowners, and support those groups that have pushed our housing market into decline with bad loans and bad investments."

Could it be these 400,000 borrowers aren't ready for home ownership?  Could they start in an apartment, like the rest of us, until their finances are in order?  And then, maybe, just maybe, could they consider starting in a home they can really afford?  What's next? Government-backed million dollar home loans for new college grads?