Wisconsin is the latest victim of the crusade against payday loans. Lawmakers introduced a bill that would limit annual interest rates at 36% for payday lenders. This would effectively put them out of business and end payday lending is Wisconsin.

But be careful what you wish for. There are about 500 payday lenders operating in Wisconsin. Pull them out, and two things will happen. First, a lot of people will lose their jobs. Seems like rising unemployment wouldn't be a good thing.

Second, people with bad credit, the poor and others would lose their access to credit. Those with bad credit and those with low incomes are considered liabilities by banks and credit unions. These people cannot get credit from anywhere except payday lenders. Take that away and what does that leave these people?

But of course, far be it from the liberal left to ever consider consequences for actions. No, better to act now and think later. That's the liberal way. These whackos think they are doing people a favor, when its the exact opposite.

Why is it that the people most adamant about banning payday loans are those who have never used them? Why are our biggest critics those who don't need our services? Why don't they ever poll actual payday loan borrowers?

Because they know what would happen. Payday loan borrowers don't want to see a ban on payday loans. They need access to short-term credit. Over 90% of repeat borrowers pay their loans back on time. This isn't some crazy debt cycle our critics want you to believe.

Ask the people that would be affected what they want to have happen. Only let those who use payday loans or have used payday loans vote and see if they choose to ban payday loans. Now ask yourself all you lawmakers, are you really representing the people in your zeal to outlaw payday loans?