On the recordJune 5, 2013
We've heard talk about if we believe in regular order. Some of us believe in regular order--most of us believe in regular order--but I think everybody in this body believes in homeownership, and the fact that it's your biggest, safest investment; you pass it down generation to generation. And those people who work, sacrifice, save money to buy a home--we ought not change the rules in the middle of the game with a system that's dysfunctional, it doesn't work. But at the same time, we say that we value the sanctity of homeownership and the American Dream. So what we're asking here today is that we just back up a little bit. Because part of what leadership does is that sometimes you make a decision that has consequences that weren't foreseen or that are not ready to be implemented. But the true sign of leadership is that you back up and say, let's get it right, not let's do it just for the sake of doing it because we were already going down that road--when it's the wrong road. The biggest question is: What message are we going to send to those people in New York, Louisiana, and all of those red dots on the map that Representative Cassidy had, what message are we sending to them? Yes, you saved to buy a home. Yes, you pay your insurance. But now we're going to raise your insurance so high you can't afford that home anymore. What are they to do, walk away from the home? Now it's on the banks, now it's on the community. We have more blighted property.…





