[Congressional Record Volume 157, Number 36 (Thursday, March 10, 2011)]
[House]
[Page H1675]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  ENDING $1 BILLION OF FAILED SPENDING

  (Mr. WILSON of South Carolina asked and was given permission to 
address the House for 1 minute.)
  Mr. WILSON of South Carolina. Mr. Speaker, I would like to commend 
the efforts of Representative Jeb Hensarling for introducing H.R. 836, 
the Emergency Homeowner Relief Program Termination Act.
  This bill prevents $1 billion from being spent on this failed 
program. In the current administration's budget, it is estimated that 
the program has a 98 percent subsidy rate. That means for every dollar 
spent, taxpayers lose 98 cents. This is bad for taxpayers and bad for 
American families.
  Making this reform possible is the South Carolina Federation of 
Republican Women, which has inspired the Republican revolution in South 
Carolina since 1961. This is the 50th anniversary of the election of 
the first Republican legislator in the 20th century, the late Charlie 
Borineau of Richland County. In 2010, the transformation was completed 
of all statewide elected officials being Republicans for the first time 
since 1876.
  Under the guidance of leaders such as our Governor, Nikki Haley of 
Lexington, with Jocelyn Staigar, Susan Dickson, Nikki Trawick, Carla 
Hardee, Kim Wellman, Betty Poe, Lisa Manini Sox, Grace Rentiers, Irby 
Shultz, Katrina Shealy, and Eaddy Roe Willard, this organization will 
continue to make a difference promoting limited government and expanded 
freedom.
  In conclusion, God bless our troops, and we will never forget 
September the 11th in the global war on terrorism.

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