How bay area governments blew the housing bubble

All across America, local governments are dealing with budgets that are wildly out of balance. It's even worse in Florida. Under spending proposals now being floated in the Tampa Bay area, employees would be laid off, library hours trimmed, parks closed for part of the week, and stray dogs and cats left to roam the streets together. It's all in response to sharply falling property tax revenues. But what is seldom talked about is this: The problems didn't ... Full Story »