But a more simple tax code that spurs growth is crucial for our country to remain competitive.

Letter from Senator Baucus and Senator Grassley to Catherine Underwood, Executive Director, American Pain Society (May 8, 2012).

Do you believe that this year and maybe next year we will have at least a million foreclosures, as some people predict?

At least not three times, right?

Since the Administration admittedly did not have the key data, it seems to me, for evaluating the proposal, what is the basis for your support of this proposal?

The American people, however, are tired of bailouts. It is time to take a more serious approach to fixing the housing market.

Do you know of any requirement that----

What would concern some of us up here on the GSE writedowns is that the GSEs would take the hit, ultimately the taxpayer now, since the taxpayer is holding the GSEs.

So that is the----

A lot of our concern--and I think Senator Corker has enunciated this, too, up here--is we do not want the taxpayer to take the hit.

The latest actuarial report states that FHA's capital ratio is only 0.24 percent. Mighty low.

Do you think that a 2-percent capital requirement is adequate--because we are a long way from 2 percent--to protect the taxpayers from bailing out FHA in the future?

I think it is disappointing that 4 years after the bursting of the housing bubble, the Committee has still not produced comprehensive housing legislation.

Foreclosures remain, as the Chairman mentioned, at record levels.

Well, that is the basic property law, isn't it?

Millions of mortgages are underwater, and Fannie and Freddie continue to lose money at the expense of the American taxpayer.

Do you share my overall concern about the solvency of FHA, which is under your jurisdiction?

Mr. Speaker, I rise today to honor and remember Leona Martens of Greeley, Colorado. Leona faithfully served the community of Weld County for 22 years as the executive director of the Weld County Food Bank. While Leona lost her battle…