Political Quotes

“Mr. Speaker, the VA's decision to phase out the Veterans Affairs Servicing Purchase program, or VASP program, was an important step by the Trump administration. This decision added billions of dollars to the VA budget without any assurance to the taxpayers that this was a good decision. Just last week, my office received information that, on top of paying $6.3 billion to purchase VA loans, VA also spent an additional $1.5 billion just to support their financing. The average amount that a veteran had to pay back of their mortgage was actually less than $25,000. Instead of solving the problem, VA chose to purchase the entire loan, costing an average of $321,000. In no way does it make sense to solve a $25,000 problem with a $321,000 solution. Only in government would you do that. The Congressional Budget Office estimates that this bill would have saved money by keeping the veterans out of foreclosure. They estimated earlier this Congress that the continuing of VASP would cost the taxpayers over half a billion dollars in the next decade.”