To Save America, by Newt Gingrich: on Welfare & Poverty


Barney Frank: 2003: I want to roll the dice more on subsidized housing

The Left redistributed taxpayer money for massive housing subsidies through Fannie Mae and Freddie Mac. "I want to roll the dice a little bit more in this situation towards subsidized housing," said Rep. Barney Frank (D, MA) in 2003. Of course, this gamble helped spark the housing crash, but that hasn't stopped the Left. In fact, in December 2009, the Obama administration lifted the $400 billion cap on Treasury funding to Fannie and Freddie, a big step toward nationalizing the home loan market.
Source: To Save America, by Newt Gingrich, p. 45 May 17, 2010

  • The above quotations are from To Save America
    Stopping Obama's Secular-Socialist Machine,
    by Newt Gingrich.
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Page last updated: Feb 25, 2019