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Housing Bailout Bill Bad for Budget and Economy

Statement

Date: July 23, 2008
Location: Washington, DC
Issues: Economy and Fiscal Government Budget and Spending Housing and Property


Housing Bailout Bill Bad for Budget and Economy

Congressman Michael C. Burgess (R-Texas), M.D., today voted against the housing bailout package saying:

I've read the Constitution. No where does it say that the federal government has a responsibility to reward speculators or people who make irresponsible spending decisions.

During a time of economic uncertainty and rising deficits, we should be controlling expenditures not finding new ways to spend money we don't even have. That's exactly what this bailout bill does.


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