On the recordMarch 16, 2011
I thank the gentleman for yielding. I rise in strong opposition to the bill to end the Neighborhood Stabilization Program. It is time for Americans to seriously question the Republican leadership's dedication to job creation. After 11 weeks in Congress, they've offered no jobs plan, no jobs bill. What's worse, by their own expert witness's testimony, the Neighborhood Stabilization Program, or NSP, supports 93,000 jobs nationally. In light of this estimate, I submitted an amendment to the NSP Termination Act that would require the Congressional Budget Office to study and report to Congress the impact of this legislation on job creation or job loss. However, my friends on the other side of the aisle prevented consideration of my amendment on the floor of the House. Last week, the Republicans waged an attack on American homeowners by voting to eliminate foreclosure mitigation programs that help underwater homeowners refinance their mortgage as well as assist temporarily unemployed Americans to remain current on their mortgage; all of this in the midst of one of the worst housing crises in the history of America. And now the Republicans are putting our most vulnerable communities at even greater risk. Terminating the Neighborhood Stabilization Program will damage our neighborhoods, devastate home values, and will slow our economic recovery.…





