Political Quotes

Bill Delahunt: I do not know if you saw the nightly news, but there was, I think, an NBC piece that indicated that today, not in the…

On the recordOctober 7, 2003
I do not know if you saw the nightly news, but there was, I think, an NBC piece that indicated that today, not in the future, there is a record number of mortgage foreclosures on homes here in America. I heard the number, 435,000 Americans that are in the process of losing their homes. The American dream today is becoming a nightmare. You know it better than anybody, possibly, in this entire body. We have had record job losses, we have burgeoning deficits. And for the first time in our history in the entire span of American history, for 2 consecutive years the median income, the median income of American households has gone down, 2 years in a row. Of course, poverty is increasing at the same time the number of millionaires is increasing. If we took the $20.3 billion the President is proposing that the American people borrow and spend and invest in Iraq, and we spent and invested that money here in the United States of America, in the same things, in sewer, water, bridges, roads, airports, stable electricity, we would create a million jobs, a million jobs here in the United States of America.
Said by
Bill Delahunt
Massachusetts

Editor's note · Context

Discussing the impact of mortgage foreclosures and economic issues during a debate on funding for Iraq.

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More from Bill Delahunt

Jul 8, 2009

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God forbid they have a total collapse on the real estate market, we are going to be back to where we were in September of 2008.

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That is why I take offense when I hear it is the Community Reinvestment Act that did this. That is baloney.

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