Political Quotes

“Mr. Chairman, what would happen would be that the individual who owned the property would go and get himself some kind of an assessor who would assay the value of the property. That individual would fix a value of the property after it was developed and before it was developed, a highly speculative process on which you could get a number of different people who would assess the value of that property quite differently depending on the assumptions they made and depending on a large number of other things, including highly speculative judgments as to the value of that property if it were in fact improved. So what a fellow really would do under this legislation is to run in with two different estimates from a surveyor or an appraiser who would give him the best selection of choices that he felt would best enable him to come in and sue the Federal Government or to make claims against the Federal Government under this particular legislation, with consequences that the cost to the Federal Government would be ballooned enormously. The Office of Management and Budget says it would cost literally billions and billions of dollars, in response to a request that I made to them. Am I correct in my assumption?”