GOP: $50B For Housing is Too Much; Try Our $121B Plan

Views

House Minority Whip Eric Cantor (R-VA) — who shares TPMDC’s affinity for Aerosmith — was at it again yesterday during an interview with CBS. Cantor strongly suggested that he would oppose President Obama’s mortgage aid plan, slated for unveiling tomorrow. Cantor slammed the $50 billion price tag as too high:

We just cannot continue to pay for the kind of things that this administration thinks that we can. So, I’m very concerned about the direction I see us going …

Hmm, maybe Cantor should bring this up with Senate Minority Leader Mitch McConnell’s (R-KY) GOP crew at their next bicameral mixer. The Senate Republicans have spent much of this month touting their alternative stimulus, which would have provided government subsidies for lower mortgage interest rates — the same broad concept as Obama’s plan — at an initial cost of $121 billion.

Unless the minority wants its new talking point to be ‘we voted for billions of dollars for mortgage aid before we voted against it.’ At least that’s better than lying about a salt marsh mouse.

LIKE US ON FACEBOOK