8:14 PM
Julio Barreto
The final agreement for the largest bailout in US history makes it highly unlikely there will be any significant increases in funding for housing and community development programs in 2009 and beyond. The final cost of the bail out could reach upwards to $1 trillion leaving serious questions about how other critical issues will be funded. These issues include affordable health care, alternative energy, the fight against terrorism, Social Security, Medicare and Medicaid reform. According to The Washington Post, in 2011 the Social Security Trust Fund will no longer be an option for Members of Congress to tap into when they need additional funds. That year is when the first wave of baby boomers will retire. Even thought the bailout is expected to be off-budget, significant increases in public...
