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FHA Refinance Program Termination Act

Floor Speech

Date: March 10, 2011
Location: Washington, DC
Issues: Government Budget and Spending Housing and Property

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Mr. YODER. Thank you, Mr. Chairman.

I rise today in strong support of H.R. 830. The bill would repeal a well-intentioned but bankrupt policy.

Mr. Chairman, the American people are tired of bailout after bailout and big spending bill after big spending bill. With $14 trillion in debt and borrowing $5 billion a day, yet unemployment is at 9 percent, the American people are sending us an unmistakable message: The idea of borrowing, bailing out and spending isn't working.

We're borrowing more money in Washington with this program that we don't have to help Americans borrow more money at home that they can't afford for housing they can't afford. Mr. Chairman, this is madness. When will this stop and when will the politicians in Washington understand that we're not going to be able to borrow and spend our way to prosperity? The American people are tired of this. They want Washington leaders to step up, reduce spending, and eliminate programs that aren't working.

Mr. Chairman, I ask today that we pass this legislation and restore fiscal sanity to Washington.

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