Friday, May 7, 2010

Home Star Bill - #1695 - Home Renovators Alert: House Passes Caulkers Bill - Breitbart

Homeowners could collect thousands of dollars in Cash for Caulkers rebates for renovating their homes with better insulation and energy-saving windows and doors under a new economic stimulus bill the House passed Thursday. The Home Star bill, passed 246-161, would authorize $5.7 billion over two years for a program that supporters—mostly Democrats—said would have the added benefits of invigorating the slumping construction industry and making the earth a little cleaner.....This is not a terribly bad bill, but it has one fatal flaw: It is not paid for," said Rep. Joe Barton of Texas, top Republican on the energy committee. Democrats argued that the issue of paying for the legislation will come later in the budgetary process, when Congress approves annual spending bills.   Read more........  Thank you Joe Barton, whatever happened to PayGo, another case of major amnesia on the part of Democrats.   (PAYGO (pay-as-you-go) is the practice of financing expenditures with funds that are currently available rather than borrowed)

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