Tea Party Senator Proposes Cutting HUD's Funding - Completely
Sen. Paul believes that education and housing should not be within the purview of the Federal government. From a statement detailing his proposed $500 billion in spending cuts, which says that HUD should have a "100% decrease" in funding:
"Rather than providing a one-time stop for families on their way out of poverty, public housing has largely been a failure. Public housing projects have become havens of crime and dysfunction, driving away the very business investment and homeowners that would revitalize a city block."
Paul also blames HUD for playing a role in the current housing crisis by "fostering subprime lending."