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Economics

If HUD Must Close, Let’s Keep Its Best Programs

April 24 (Bloomberg) -- Mitt Romney suggested last week that the Department of Housing and Urban Development “might not be around later.” Predictably, this set off a minor firestorm.

Eliminating every HUD program would be unwise and inhumane, but the best ones could be saved even if the department were shuttered. If we want to take Romney’s suggestion seriously, we should start by designing a shutdown plan, under which HUD’s most critical functions, such as housing vouchers and the Federal Housing Administration, remain operational.