Tea Party Senator Proposes Cutting HUD's Funding - Completely

Senator Rand Paul of Kentucky has introduced a new bill proposing to completely defund the Department of Housing and Urban Development (HUD).
January 28, 2011, 8am PST | Tim Halbur
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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."

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Published on Wednesday, January 26, 2011 in HousingWire
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