But China is growing at 8 to 10 percent and India is going to be the largest populated country in the world in 20 years.
Jim Bunning
The Public Record
Jim Bunning is a former United States Senator from Kentucky, serving from 1999 to 2011. A member of the Republican Party, Bunning was known for his strong conservative positions and advocacy for fiscal responsibility. Before his political career, he was a professional baseball player, notably a pitcher in Major League Baseball, where he was inducted into the Baseball Hall of Fame in 1987. Bunning's tenure in the Senate included a focus on issues such as energy policy and workers' compensation reform, often criticizing the Department of Energy's handling of compensation programs for workers.
Doug Elmendorf, Dr. Elmendorf, has made it perfectly clear that we injure our economy to a certain degree.
Why is the United States going to punish their economy and 20 years from now we have got more pollutants in the air if we did nothing?
We feel that we--or we would not have made the proposal that has been made if we didn't feel that it were just absolutely necessary to keep the housing market from falling out of bed if we didn't continue this.
So we are financing our own bailouts through GSEs through the taxpayer, period.
The GSEs have been in trouble for 4 years. If you are just looking at it now, it is too late.
In other words, the Government subsidies are going to have to continue until that time?
We should insist that the Federal Reserve does their job, and we can make it, our take the power away and give it to someone else.
When will the housing market be able to stand on its own without Government subsidies?