Bush Administration Building Its Legacy on the Backs of Taxpayers
(Washington, D.C.) – The Council for Citizens Against Government Waste (CCAGW) today strongly denounced the Bush Administrations’ cave-in on H.R. 3221, The American Housing and Foreclosure Prevention Act.
“The Bush Administration’s reversal on its veto threat on H.R. 3221 virtually ensures that taxpayers will be saddled with the huge costs associated with this bill for decades to come. There are so many bad aspects to this bill, it is almost impossible to know where to begin,” said CCAGW President Tom Schatz. “It was a bad bill to begin with and with the recent addition of the GSE bailout language, it went from bad to catastrophic.”
