Here's encouraging news:
Some five million fraudulent home mortgages are in the hands of illegal aliens, according to the U.S. Department of Housing and Urban Development.
It's not known how many of those have contributed to the subprime housing mortgage meltdown, but it has affected every state, including Arizona.
The problem began years ago when banks were forced to give mortgages without confirming social security numbers or borrower identification. As a result, illegal immigrants were able to obtain home mortgages which they could not afford.
One illegal alien was arrested this year in Tucson after allegedly using a stolen social security number to buy two homes and rack up over $780,000 in bad debt.
So, let me see if I have this right. Millions of people are losing their life savings in part because many illegal aliens, whose presence in this country, we were told, will boost our economy, were not required to have any credit standing or social security number.
Unlike the financial debacle, which can largely be laid at the feet of Democrats, the illegal alien mess is truly non-partisan. Few in Washington, including the president and both of his would-be successors, have any inclination to do much about it. Like Nero, our political leadership is content to fiddle while Rome burns.
And it is burning. Illegals are placing an enormous burden on our police, hospitals, schools and other tax-payer funded facilities, especially in the southwest. Illegals kill thousands of Americans every year either by murder or by automobile accidents. Now it seems they're also partly responsible for the mortgage mess for which the tax-payers also have to pay.
No presidential candidate who shrugs his shoulders when confronted by this onslaught deserves to president. Unfortunately, one of them will be. At least McCain is willing to build the fence along the border. Obama isn't even interested in doing that.
RLC
