Biden: 'It Won't Cost the Government a Penny' to Help People Pay Mortgages

By Melanie Arter | August 22, 2012 | 5:38pm EDT

Vice President Joe Biden speaks during a campaign stop at the Spiller Elementary School in Wytheville, Va., Tuesday, Aug. 14, 2012. (AP Photo /Don Petersen)

( – Vice President Joe Biden, speaking at a high school in Detroit Wednesday, said “it won’t cost the government a penny” to help more homeowners stay in their homes, “if the Republicans would just get out of the way.”

Biden took credit for cutting taxes for the middle class “every year we’ve been in office,” adding that federal taxes for the middle class are “nearly at their lowest levels since the Eisenhower administration.”

“We cut small business taxes to help them grow. “We helped millions of families modify their mortgages so they could stay in their homes, and we helped more than a million refinance their mortgages saving $3,000 a year, but guess what?” Biden said.

“We could do it for another 12 million if the Republicans would just get out of the way, just get out the way. Right? Just get out the way. And it won’t cost the government a penny,” he added.

If the player does not load, please check that you are running the latest version of Adobe Flash Player.

CNSNews Reader,

The media are hard at work weaving a web of confusion, misinformation, and conspiracy surrounding the COVID-19 pandemic.

CNSNews covers the stories that the liberal media are afraid to touch. It drives the national debate through real, honest journalism—not by misrepresenting or ignoring the facts.

CNSNews has emerged as the conservative media’s lynchpin for original reporting, investigative reporting, and breaking news. We are part of the only organization purely dedicated to this critical mission and we need your help to fuel this fight.

Donate today to help CNSNews continue to report on topics that the liberal media refuse to touch. $25 a month goes a long way in the fight for a free and fair media.

And now, thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you can make up to a $300 gift to the 501(c)(3) non-profit organization of your choice and use it as a tax deduction on your 2020 taxes, even if you take the standard deduction on your returns.

— The CNSNews Team



Sign up for our CNSNews Daily Newsletter to receive the latest news.