On the recordFebruary 6, 2009
I find myself sort of in an awkward position. I don't want to be in the position of disagreeing with trying to do something about foreclosure mitigation. But we end up doing this and the next and we get to 75 or in excess of $75 billion for this particular issue, we are getting excessive, it seems to me, without knowing whether a smaller amount might achieve the job. If we are mandating it with two provisions, then we are excluding resources that could be used for other things, including job creation, which is the debate about the stimulus package. My friend from North Dakota and I have talked about this privately, and I thank my colleagues for raising the issue. I truly have mixed emotions about this because I like what they are doing on the one hand, but I am concerned that as between the two choices-- the one Senators Martinez, Reid, and I will offer and this one--I think we offer a more comprehensive one, one that relies on greater flexibility and uses TARP money rather than stimulant money to achieve the result.
Source
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