Political Quotes

“Thank you, Mr. Chairman. Mr. Chairman, I want to thank my colleagues, Mr. Miller, Chairman Bachus and Chairman Biggert, for their leadership on this very important issue. The Neighborhood Stabilization Program is another misdirected, multibillion-dollar bailout that hurts struggling homeowners by incentivizing lenders to foreclose properties rather than continue to work with those who are facing tough economic challenges. At a time when our Nation faces over $14 trillion in debt, $1.6 trillion in deficit spending, and we are borrowing over 40 cents on every dollar we spend, we cannot continue to have taxpayers foot the bill for these unaccountable government programs that do nothing to solve the problems for which they were originally intended and harm our economic recovery. That is why I am offering an amendment to H.R. 861 which would direct all unobligated funds to be returned to the Treasury to reduce the deficit of the Federal Government once the program is terminated. The people of Virginia's Fifth District called for serious and bold change last November. By working to reduce the size and scope of the Federal Government, save taxpayer dollars and rein in out-of-control spending, we are listening to the people and taking the first steps to change the culture in our Nation's Capitol so that we can grow the economy and create jobs for all central and southside Virginians and all Americans. I ask my colleagues to support this amendment and the underlying bill.…”