From The Money Game:

A recent CBO report estimated that the government spends about $300 billion to intervene in the housing market each year. That's based on a range of activities, from direct subsidies to homebuyers, to the mortgage interest tax deduction, and the backstop of Fannie and Freddie.

... But it's not just housing. Virtually every important sector of the economy is being manipulated in some way.

Read full article...

More government stupidity:

Harvard Professor: Sun is setting on U.S. empire

Congressional nutjob proposes HUGE potential debacle

Stansberry's follow up to the Detroit socialist disaster piece