Tuesday, September 28, 2021
HomeFeatured EntriesIt's "Only" $8.1 Billion, But It's a Start

It’s “Only” $8.1 Billion, But It’s a Start

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Congressman Bob Dold R IL-10 wrote a short article for Illinois Review to announce that a bill he sponsored, H.R. 830, passed the house.

This bill eliminates the HA Refinance Program that President Obama announced a year ago. This $8 billion funding bill had the typical progressive “good intentions” but failed miserably. The program to date has spent $50 million and has helped a grand total of 44 people. That’s $1,136,364 per person!

Unfortunately, that’s typical of government-run “good intention” programs.

We need to see far more of this type of language in legislation to continue to defund failed government programs.

Effective on the date of the enactment of this Act, there are rescinded and permanently canceled all unexpended balances remaining available as of such date of enactment of the amounts made available under title I of the Emergency Economic Stabilization Act (Public Law 110-343; 12 U.S.C. 5211 et seq.) that have been allocated for use under the FHA Refinance Program (pursuant to Mortgagee Letter 2010-23 of the Secretary of Housing and Urban Development) of the Making Home Affordable initiative of the Secretary of the Treasury. All such unexpended balances so rescinded and permanently canceled shall be retained in the general fund of the Treasury for reducing the debt of the Federal Government.

One down, thousands to go.

HT Wayne and the Hot Finance Lady on WMBD radio.

Brian Hibbert
Midwestern conservative, Precinct Committeeman, county GOP Executive Committee secretary and currently a candidate for the Board of Trustees at Illinois Central College. It's amazing what can happen if you just show up and put in a little effort.

4 COMMENTS

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4 COMMENTS

  1. Great write-up. And just to add for the non-IL audience, Dold is of the freshman class of 2010.

    So good to hear that all the times I heard that “Dold with a D, not an E” jingle are paying valuable dividends!

    • He seems to be one of the good ones. Those commercials may have gotten old, but well worth while!

      I only wish we’d have been able to get Joel Pollak to join them. Oh well. can’t win them all. Maybe he’ll run against Jan again in 2012.

      • Not sure about a repeat match-up in IL-9. Those lakefront liberals are pretty happy with the communist that they have. That said, Joel’s campaign website is still active. I am interested to see what he does next. His wife just got sworn in as an Airman in the USN. In a dream world, the Dems would screw up the redistricting and make the 9th a more west suburban district, and let the elites on the North Shore stew in their own communist juices.

  1. Great write-up. And just to add for the non-IL audience, Dold is of the freshman class of 2010.

    So good to hear that all the times I heard that “Dold with a D, not an E” jingle are paying valuable dividends!

    • He seems to be one of the good ones. Those commercials may have gotten old, but well worth while!

      I only wish we’d have been able to get Joel Pollak to join them. Oh well. can’t win them all. Maybe he’ll run against Jan again in 2012.

      • Not sure about a repeat match-up in IL-9. Those lakefront liberals are pretty happy with the communist that they have. That said, Joel’s campaign website is still active. I am interested to see what he does next. His wife just got sworn in as an Airman in the USN. In a dream world, the Dems would screw up the redistricting and make the 9th a more west suburban district, and let the elites on the North Shore stew in their own communist juices.

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