The US went through economic convulsions when the housing bubble burst back in 2007. You might think that government policymakers would have learned something from that — but no. As Edward Pinto of American Enterprise Institute points out here, the Federal Housing Administration continues putting people into homes they can’t afford.

I don’t know if the FHA has been shut down as “non-essential” but it ought to be shut down permanently. It is one of the many federal agencies that is not only non-essential, but downright harmful.