On the recordOctober 13, 2009
It should not now be used as a piggy bank for housing.
Said by
Judd Gregg
Source
congress.govIt should not now be used as a piggy bank for housing.
Gregg argues against using TARP funds for housing support.
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Design the programs. Decide how large the government is going to be. Do a tax reform to finance it.
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That is actually why I was so encouraged by the President putting 'change CPI' on the table.
I think Simpson-Bowles got it right on this point. We reduced deductions and exemptions so that we generated $1.1 trillion of revenue every year.