Senator Rand Paul of Kentucky has introduced a new bill proposing to completely defund the Department of Housing and Urban Development (HUD).
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."
FULL STORY: Bill would cut all funding to HUD
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