Political Quotes

Rick Lazio: the CBO, Congressional Budget Office, estimate as I understand it speaks to not just this one issue of community service…

On the recordMay 6, 1997
the CBO, Congressional Budget Office, estimate as I understand it speaks to not just this one issue of community service and community work or not just the self-sufficiency program but the vast panoply of programs that would be implemented under the terms of H.R. 2. What they also make clear is that there is a net savings of $100 million annually under this program when fully implemented. When this bill is fully adopted, there are administrative savings, just administrative savings alone, of $100 million annually, which more than absorbs all the costs associated with the implementation of this program. I would also argue to this House and to the gentleman that again if what we are talking about is $35 million in the scheme of $3 billion that the public housing authorities are subsidized for, and yet in the end the objective that is fulfilled is that we begin to move people out of public housing under their own means, that we have achieved something very great and very important.
Said by
Rick Lazio
New York

Editor's note · Context

Discussing the financial implications of H.R. 2 and its impact on public housing.

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