Taxpayers Need to Watch Out for the Mini Bus Getting Ready to Run Them Over
November 16, 2011
On Thursday November 17, 2011, the House of Representatives is expected to vote (FINALLY!) on a triad of fiscal year 2012 appropriations bills rolled up into one. The three bills, Agriculture, Commerce/Justice/Science (CJS), and Transportation/Housing and Urban Development (THUD), are included in one bill (H.R. 2112) and is affectionately known as a “mini bus” spending bill. While the bill is relatively free of earmarks, members of the House of Representatives should vote against the legislation. There has been very little time for debate and a provision to allow the Federal Housing Administration (FHA) to increase its eligible loan limit to $729,750 is plenty reason enough to vote “NAY.” According to Sen. Jim DeMint (R-S.C.), “Tucked inside the 401-page bill was language to increase the limits for which the Federal Housing Administration can insure mortgage loans up to $729,750, effectively allowing the agency to back McMansions with taxpayer dollars. Adding further insult to hard-working taxpayers an independent audit revealed, just hours later, that there is a “close to 50 percent” chance the agency would run out of money and need a taxpayer bailout.” Another reason to vote against the mini bus is that the spending levels are above the House-passed budget offered by Rep. Paul Ryan (R-Wisc.) earlier in the year.
Congress is way behind in passing any appropriations bills and rushing a piece of legislation is fiscally irresponsible. Passage of this mini bus could set the stage for more mini buses and untold provisions that could put taxpayers at risk. Members of Congress should pass each bill separately and allow ample time for debate so taxpayers know exactly what they will be paying for. The Taxpayers Protection Alliance strongly urges Congress to vote against H.R. 2112