Our government is a nightmare. Despite the fact that are borrow and spend economy and dysfunctional regulatory scheme created a false, unsustainable economy, our so-called leaders persist in creating more public debt and encouraging more of the same ridiculous private spending and borrowing. The last thing we need is a tax credit to buy houses or to encourage the construction of more houses. The housing industry does not need to be revived. It needs to rest until the existing inventory can be absorbed. But that takes patience. Yes, the government should extend unemployment benefits, etc. But anything beyond that, including the current past and future stimulus bills are recipes for disaster. We naively believe that we can't go the way of Argentina, but with the current entitlement mindset, it is not a matter of if, but when.
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