"...To make matters worse, the Senate voted yesterday on an amendment sponsored by Senators Michael Bennet (D-CO) and Johnny Isakson (R-GA), which will require the Federal Housing Administration to count the projected savings from “energy efficiency” in the home towards the income of the borrower for a prospective mortgage.
This “increased income” will in turn allow the home buyer to qualify for a larger government-backed loan.Folks, you can’t make this stuff up.
This is a mix of Solyndra, Freddie Mac, and Enron accounting all in one.
Republican lawmakers are now doubling down on the same failed affordable housing social engineering agenda and are using notional and intangible green energy savings as income in order to encourage riskier loans on the taxpayer’s dime.
This is a quintessential example of the problem with the Republican Party.
They accuse conservatives have harboring unrealistic expectations in terms of how much government they have the ability to cut.
The problem is, far from cutting any government intervention, almost every piece of legislation they pass expands government involvement in the private sector.
This bill combines two of the worst federal policies — green energy social engineering and the federal housing scheme — and doubles down on the very impetus for our economic failure."
No comments:
Post a Comment