It's not the cuts so much as the forced way of implementing them.
Editor's note · Context
Johanns emphasizes the problematic implementation of budget cuts rather than the cuts themselves.
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This is the third time you have been before the Committee--once as a nominee and now twice in your role as Chair.
I think, as you said, the U.S. taxpayers continue to be very much on the hook and at risk as we do nothing to reform our system and maintain the current structure in which we have Fannie Mae and Freddie Mac under U.S. Government control.
I will continue to push this legislation, but many of its provisions are things that HUD has the flexibility to implement on its own.
I ask for the yeas and nays. The PRESIDING OFFICER. Is there a sufficient second? Mr. HATCH addressed the Chair. The PRESIDING OFFICER. The Senator from Utah.





