On the recordSeptember 12, 2011
The implicit, so-called cost-free guarantee of Fannie Mae and Freddie Mac has already soaked the American taxpayer for over $170 billion.
Source
congress.govThe implicit, so-called cost-free guarantee of Fannie Mae and Freddie Mac has already soaked the American taxpayer for over $170 billion.
Shelby highlights the financial burden on taxpayers from government-backed housing guarantees.
Share
More from Richard Shelby
We have got to get our arms, one, around the inflation first, and then try to boost our defense capabilities in a dangerous world.
In a fiscal environment with 8.5 percent inflation, the Department's budget request equates to a cut to our national defense at a time of unprecedented security risks.
I am concerned about this--what this communicates to both our allies and our adversaries.
A lot of people, including this Senator, believe that the request is not enough considering the problems in the world.