Political Quotes

“Madam Speaker, I would like to thank Mr. Sessions from Texas and I would like to thank Mr. Frank, the chairman of our committee, for the work that we've done on the underlying bill, the FHA reform bill. It is an important bill, and we will be debating that and talking about that quite a bit for the next 2 days. What I've heard over the last week when I was home for the district work period is that people are really concerned about the spending and overspending that's going on here in Washington. Folks in West Virginia are tightening their belts and making difficult decisions, but they don't see that happening here in Washington. Right today, we have before us in the previous question vote, we're going to have an opportunity to make a cut in government that makes a lot of sense. Over 315,000 Americans have voted to perform this cut on government spending by voting to reform Fannie and Freddie. We estimate that we could save approximately $30 billion over 10 years--that's significant--by ending some of the government conservatorship, shrinking their portfolios of Fannie and Freddie, establishing minimum capital standards, and bringing transparency to taxpayer exposure. Since going into conservatorship--and many folks have been quoting this figure--the U.S. taxpayer has supported the GSEs to the tune of over $145 billion. {time} 1400 As we heard from Mr. Garrett from New Jersey, that is limitless, how far that can go.…”