I listened today a republican US Senator from Nevada. He stated that it is necessary to "support" housing prices by reducing mortgages to depreciated home values to speculators who have no desire to pay. WOW.
Apparently, in f**king US Congress nobody believes in a market-economy. They are fucking incompetent idiots preferring a central Planning system like in old USSR.
Bottom Line Mr. and Ms. America, you have no clue how deep is shit you are in.
Give a poor man a fish and he is fed for a day, give a poor man a vote and he expects the government to feed him for life!
PS Any government exits on taxes it appropriates from it citizens working in private sectors. The more people work for a government, the fewer people are left to pay/support government activities, the more fiat-currency government prints, the more inflation and deterioration of standards of living takes place.