I think we should just also say that if we go into Washington, DC, we go to the public housing projects, to get to the public housing projects that are inhabited today we go by 3 and 4 empty buildings. We go into Chicago, we go by almost a mile of empty public housing. We did not do any of those things very well. I am sure my colleague from Wisconsin would like to say something about this. He is a builder in his real life; when he has a real job, he is in the construction industry. But my guess is, I just did some rough numbers at $55,000 for a down payment for a smaller home, I recognize over these 30 years we could have built 100 million homes. Given a nicer home, we could have built, at $110,000 a house, we could have still built 50 million homes over the last 30 years. It is amazing, $19,000 for each and every American is how much we have spent on this program for the last 30 years with these kind of results.
On the recordApril 30, 1996
Source
govinfo.govEditor's note · Context
Discussing the inefficiencies of public housing and the costs associated with housing programs.
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