I did not want our kids from Idaho to miss the opportunity to see some of beautiful Idaho as we have portrayed it in this hearing.
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I am optimistic that we will see future success stories if we keep this program strong.
However, the Brownfields Program has been a very bright exception to that rule.
Just following on the same question about sequestration, from an overall program perspective, Mr. Stanislaus, can you tell me how the current economic climate over the past few years has impacted the Brownfields Program?
There have been a lot of fights in Congress over the past few months and frankly over the past few years over what the role of the EPA should be.
Concerns about the solvency of the FHA have been building for quite some time.
This bill is intended to put the FHA in a better position to function as an actual insurance fund.
We should also be clear that the bill is not the last discussion this Committee will have on the reform of FHA.
The Federal Housing Administration, or FHA, has helped millions of Americans achieve the dream of owning a home.
Only in Washington, D.C. would we think receiving 100 percent of nothing is better than receiving 62.5 percent of something.
I urge the committee to look at this possibility as part of a larger offshore energy policy.
The mandate of the EPA under the statute to protect our water and our air and our environment is one that is deeply appreciated by the people of Idaho.
If our country can level the playing field, unlock private sector investment in clean energy, and continue investing in innovation, this is also a challenge that America can meet.
My concern is--as your statement here last year and Chairman Bernanke's is the government is probably going to end up being there, and that is a huge concern if we don't define some role and purpose for them.
Fannie and Freddie made some horrible, horrible mistakes, but in 2008 the default rate for the jumbo marketplace was greater than Freddie and Fannie's even.
I hope you have taken away from this that there are people up here that actually care about what you do.
If you tax people who are at the upper end of the spectrum, can they afford it? Absolutely they can afford it.