In the legislation going through the US Congress to help clean up the housing debt binge --
It includes about $15 billion in housing tax breaks, including a credit of up to $7,500 for first-time buyers, and increases the statutory limit on the national debt by $800 billion, to $10.6 trillion.
How were householders expected to behave responsibly with the biggest mortgage of all being taken out at 1600 Pennsylvania Avenue, secured with the future tax revenues of the country?
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