Prometheus 6

I always wondered, why Section 8? It's not like the Feds would have spent more on mortgage subsidies. 

America's Other Housing Crisis
By Michael Kelly
Saturday, May 24, 2008; A21

There's a housing crisis in America -- but it doesn't have anything to do with the thousands who have been forced from their over-leveraged residences or the steps Congress has taken to help those caught in the subprime debacle. This crisis doesn't generate many headlines, but it threatens Americans nationwide.

Over the past eight years, the Bush administration has tried to cripple public housing. It has devalued and defunded key programs. The president's proposed 2009 budget includes massive cuts in affordable-housing programs that will hit the working poor, people with disabilities and seniors while dismantling the crowning achievement of federal efforts to revitalize and redevelop city neighborhoods.