2011-12-14openmarket.org

"I live in an area, metropolitan Washington, where the housing bubble is temporarily propped up by a government-spending bubble. In 2008, Obama promised a "net spending cut," but as soon as he was elected, he pushed through massive spending increases. So for the time being, my home is worth more than I paid for it. But my good fortune (at taxpayers' expense) may not go on forever."



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