Senator Introduces Bill to Cut All HUD Funding

Senator Rand Paul (R-Ky) introduced a bill that would cut $500 billion in government spending by the end of 2011 and eliminate all funding for the Department of Housing and Urban Development.

“I am proud to introduce my own solution to the mounting debt our spendthrift, oversized government has accrued. By rolling back to 2008 levels and eliminating the most wasteful programs, we can still keep 85 percent of our government funding in place,” Sen. Paul said on Wednesday.

According to the bill, HUD’s current funding level is $53.082 billion for FY 2011 and Paul would like to bring it down to zero.  “By removing programs that are beyond the constitutional role of the federal government, such as education and housing, we are cutting nearly 40 percent of our projected deficit and removing the big-government bureaucrats who stand in the way of efficiency in our federal government.”

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The bill would also eliminate all funding for the Department of Energy, International Assistance Programs, and makes cuts in other agencies, including the Department of Agriculture as well as the Department of Education.

As far as HUD is concerned, Paul said that policies perpetuated by the agencies played a key role fostering subprime lending that brought the financial system to its knees in 2008. “By implementing policies that expanded risky mortgages to under qualified borrowers, HUD is directly implicated in the loss of over 1 million homes in 2008,” said a report published by Paul.

A spokesperson from HUD said they had no comment on the bill.

To view a copy of the bill, see here.

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  • Senator Randal Paul (R-KY) is first a libertarian, followed by being a member of the Tea Party movement, and lastly, a Republican. His father is Congressman Ron Paul (R-TX). Both are physicians.

    The Congressman is a libertarian and is known for the irritation he causes leaders of both parties. His son appears to be no different, perhaps much worse.

    If the Tea Party members only present bills that are THIS disruptive and irresponsible, they may be as short lived as the Progressive (or Bull Moose) Party of former President Teddy Roosevelt. It is fairly clear that loyal Republicans like Senator Kay Bailey Hutchinson (R-TX), Senator Orrin Hatch (R-UT), Senator Mitch McConnell (R-KY), and Senator Olympia Snowe (R-ME) shudder when they get wind of this kind of legislative proposal. There is little doubt that Senator Thomas Coburn (R-OK), also a physician, is thrilled by these Republican upstarts.

    This bill is grandstanding at its worse. It makes headlines but has less of a chance of becoming law than a snow ball has surviving intact in an oven at 500 degrees for an hour. What a waste of valuable time, trees, and money. Here is hoping Senator Paul will be in office for only one term and then will go home to become a renown physician in Kentucky.

  • Senator Randal Paul (R-KY) is first a libertarian, followed by being a member of the Tea Party movement, and lastly, a Republican. His father is Congressman Ron Paul (R-TX). Both are physicians.

    The Congressman is a libertarian and is known for the irritation he causes leaders of both parties. His son appears to be no different, perhaps much worse.

    If the Tea Party members only present bills that are THIS disruptive and irresponsible, they may be as short lived as the Progressive (or Bull Moose) Party of former President Teddy Roosevelt. It is fairly clear that loyal Republicans like Senator Kay Bailey Hutchinson (R-TX), Senator Orrin Hatch (R-UT), Senator Mitch McConnell (R-KY), and Senator Olympia Snowe (R-ME) shudder when they get wind of this kind of legislative proposal. There is little doubt that Senator Thomas Coburn (R-OK), also a physician, is thrilled by these Republican upstarts.

    This bill is grandstanding at its worse. It makes headlines but has less of a chance of becoming law than a snow ball has surviving intact in an oven at 500 degrees for an hour. What a waste of valuable time, trees, and money. Here is hoping Senator Paul will be in office for only one term and then will go home to become a renown physician in Kentucky.

  • As the long shadow of the evening clouds cause us all to ask the same
    rhetorical question ,day by day, where will we be able to sleep tonight,millions of homeowners are relieved of heart as FHA has
    provided the answer. Here is your home.
    If we all had the income stream of Dr. Paul, I suppose it would never
    enter our minds

  • As the long shadow of the evening clouds cause us all to ask the same
    rhetorical question ,day by day, where will we be able to sleep tonight,millions of homeowners are relieved of heart as FHA has
    provided the answer. Here is your home.
    If we all had the income stream of Dr. Paul, I suppose it would never
    enter our minds

  • While I understand that many of us might struggle with this for our careers… it is ironic that we don’t want our government to have the same fiscal restraint that many of us have in our own budgets. 500 billion isn’t enough since the deficit projection is about 1.3 Trillion. Most Republicrats are truly progressives… continually expanding the size & scope of governement. So, just because a few R’s have libertarian leanings or require the constitutional validity of bills… fantastic. Fractional reserve banking has compensated many of us handsomely over the last decade… however has bankrupted America for years. Review your premises upon whether it is government to solve problems or the private sector is better. Hooray for anyone who truly proposes cuts in spending vs. the past 20 years of “cuts” in the automatic spending increases etc. Cheers to the “Pauls”

  • While I understand that many of us might struggle with this for our careers… it is ironic that we don’t want our government to have the same fiscal restraint that many of us have in our own budgets. 500 billion isn’t enough since the deficit projection is about 1.3 Trillion. Most Republicrats are truly progressives… continually expanding the size & scope of governement. So, just because a few R’s have libertarian leanings or require the constitutional validity of bills… fantastic. Fractional reserve banking has compensated many of us handsomely over the last decade… however has bankrupted America for years. Review your premises upon whether it is government to solve problems or the private sector is better. Hooray for anyone who truly proposes cuts in spending vs. the past 20 years of “cuts” in the automatic spending increases etc. Cheers to the “Pauls”

  • The Critic is right with their comments. Paul is completely disconnected with realty with the current housing crisis. housing demand is weak and we need every program possible to absorb the inventory and help homeowners who qualify to keep their homes.

  • The Critic is right with their comments. Paul is completely disconnected with realty with the current housing crisis. housing demand is weak and we need every program possible to absorb the inventory and help homeowners who qualify to keep their homes.

  • The Critic is right with their comments. Paul is completely disconnected with realty with the current housing crisis. housing demand is weak and we need every program possible to absorb the inventory and help homeowners who qualify to keep their homes.

  • The Critic is right with their comments. Paul is completely disconnected with realty with the current housing crisis. housing demand is weak and we need every program possible to absorb the inventory and help homeowners who qualify to keep their homes.

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