The Public Record
the scope of this legislation is enormous and endangers our country's future economic health. Currently, the U.S. debt burden is huge, but it is going to rise to 54 percent of the economy in just the next 2 years. That is before we take…
Today marks the 200th anniversary of the birth of one of this Nation's finest leaders. Abraham Lincoln was born in 1809 destined for greatness but with humble beginnings. It is remarkable and inspiring to study the life of Abraham Lincoln…
I wish to make a couple comments about that. We have not received the bill. There are rumors going around about this, that, and the other. One of the details that seems to be coming out is that the housing portion of the stimulus bill has…
It seems as though reason and common sense are once again being tossed aside. I am referring to the recent remarks by President Obama when he singled out one of the most premiere cities in the world, Las Vegas. When it comes to convenience…
the President last week talked about the need for speed. He equated spending with stimulus. He even said: That is the point, spending is stimulus. If you are going to spend a trillion dollars, you better spend it right. Ask the country of…
We have an important bill in front of us. We all know that. The reason is because our economy is struggling. A lot of people have talked about the jobs that have been lost, the unemployment rate rising, and people losing their homes, and…
that is absolutely incorrect. The mortgage interest we target is between 4 and 4.5 percent. Right now in the market, it would be between 4 and 4.5 percent. We capped the program at $300 billion. It is impossible to do what the Senator from…
without a doubt, the collapse of the housing market is at the root of the economic crisis we are facing in our country. Every single American is being affected by this. A few short years ago in Nevada, housing prices were through the roof…
That is correct, this is a 30-year fixed. This is not an adjustable rate mortgage where there are catches and in a couple of years it is going to go up again and I am going to have to worry about that. This is a 30-year fixed mortgage that…
The case has been made that we need to fix housing first because it is the underlying cancer that is affecting our economy, and that cancer is spreading to other parts of the economy. If we don't fix the underlying problem, it will not…
First of all, to set the record straight, Senators Bingaman and Kerry both voted no the last time. Several other things. The Senator from North Dakota said he would like all Americans to pay a 5-percent income tax, such as in this bill…
I ask my friend from California this question. It was brought up earlier that the money is going to come back anyway. The Senator from California has a chart in front of her. I ask her if she could explain the chart and that the money…