because we're ultimately using the taxpayer to pay for a plan that was created by government meddling in the first place. it is not so much "smoothing out the cycles," it is redistributing wealth. let 'em fail. stop the handouts. get the government out of the system.
taks
There is a flaw there, Taks. It is the taxpayer money that bought the reserves of oil and food. Having a rainy day fund tucked away makes good sense as long as it is put to good use. You are right that this problem was created by government meddling in the first place, but now we have the opportunity to remove that meddling. I agree that Fannie and Freddie, and any corporation poorly run, should die, but that rainy day fund could be used to help people directly instead of being used to bailout companies. Of course, we need to get our spending way under control and work towards of eliminating the national debt first.