I bet that that $50 billion will come to the floor of this House in November or December, sometime after the election because, clearly, that $50 billion is going to exacerbate the deficit. It is a debt. But maybe I am wrong. Maybe the White House will insist on doing the right thing and being honest and forthcoming with the American people and tell us the true cost of where we are.
Discussing the potential impact of a $50 billion proposal on the deficit.
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More from Bill Delahunt
That is why I take offense when I hear it is the Community Reinvestment Act that did this. That is baloney.
I believe ardently that it is the responsibility of these Committees to do the oversight that is necessary to repair the damage that was done in the preceding Administration to America's image.
It isn't about government overregulating. It is government abdicating its responsibility to supervise.
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