Our opinion: Government can’t spend its way out of housing crisis
The Harris campaign is proposing assistance — up to $10,000 for first-time homebuyers and up to $25,000 for first-generation homebuyers — with down payments to purchase a house. There are at least two reasons every American should be deeply skeptical about the feasibility of this proposal. It should come as no surprise to anyone who reads our editorials that we have significant concerns about what this level of spending will do to the national annual deficit and to the $34 trillion debt to which that deficit continually adds. We understand we may seem excessively repetitive about ...