i support the hamp program. i hope that president obama has a lot of veto ink in his pen, and if the republican bill gets to his desk, it is my hope that he vetoes it, and i respectfully ask the majority if they can have a hearing to bring in hpd directors from across the country, people on the front line working with our government to help people stay in their home. in the city that i represent, the officials that do this every day, the non-for-profits that are committed, and the brainings that voluntarily stepped up to the plate to help said this program works, so instead of just being critical, come up with ways to improve it if you think there is a problem, but to criticize because people didn't get into the program because the criteria was so high, and i agree with the proposal from treasury to keep that criteria in a way that protects taxpayers' money. now, i would like to move on to the t.a.r.p. workout, and i really want to quote from an article that was written recently, october 20th, 2010 in bloomberg,

so i look at the disappointment, the broken promise of the hamp program, and i do agree with you that we can't just abandon the goal of t.a.r.p.. i also can't defend, for those who voted against -- voted for termination of hamp, i can't defend this program because ultimately treasury has had opportunity after opportunity to make meaningful change. why on earth have those services that you just described, what they have done to those homeowners in this program which has been so well documented, how come treasury has not lived up to a different promise it made, the promise it made in november 2009 to impose financial penalties on those servicers were not performing? why are we here two years into the program without a single financial penalty for non-performance under the program? >> and i agree with you. i need to gets to one other thing. the reason i started out the way i did was because you know, we can have all these discussions that we want, but when i go back to my district and that no members on both sides of the hour they go back to their districts, some of them may not see thes

. >> reporter: nearly hamp the terminal's windows shattered, part of the roof peeled off, jetways crushed. >> all the alarms started going off, and people were spooked, and the tsa members came running down saying get into the bathroom. get into the bathroom. >>> at least two planes rode out the twister on the tarmac. >> we had been lifted from the gate and moved a good 15 to 20 feet from the gate. >> reporter: miraculously, no one was seriously injured. officials credited an early warning system. >> as police tried to say to people, ladies and gentlemen, we have to move to the shelters approved here in the airport, people didn't resist. >> reporter: across the area, people are picking up the pieces. the tornado tracked 22 miles, damaging more than 700 homes, destroying about 100. >> it seemed to me, two or three or five minutes of pure hell. >> reporter: one tornado upending thousands of lives. >> 30 seconds or less, everything was gone. >> reporter: tonight, more rain, more worries. in poplar bluff, missouri, about 150 miles southwest of here, officials are evacuating 1,000 people. the

the government realizes that hamp alone was not enough. but it is still an action.ons of dollars are into the program. many homeowners already have a brighter future ahead. who knows? they might even have a place to call home. >> go to our web site to watch all of the winning videos and continue the conversation. >> a couple of live events to tell you about today. on c-span 3, the senate judiciary committee holds a hearing on the rights of crime victims at 10:00 a.m. eastern. president obama will talk about his fiscal policy in a speech to george washington university. that is a little after 138 -- 1:30 p.m. eastern. >> in a few moments, and your calls live on tico washington journal." the house is in session for general speeches at tenney stern. the agenda -- 10:00 a.m. eastern. eastern.

hamp was not enough. even though it was created, hamp is still in action, and with many millions of dollars put into the program, there is a brighter future head. and knows, we might even a pledge to halt -- call home again? >> go to studentcam.org to watch all the winning videos. continued the conversation at our facebook and twitter pages. >> up next on c-span, the house debates federal spending for the rest of the fiscal year. president obama presents his deficit reduction plan. followed by reaction from house republican leaders. >> state and municipal governments are facing record budget deficits this year. a house oversight and government reform hearing looks at the problem tomorrow. witnesses include wisconsin's gov. scott walker and vermont governor. live coverage begins at 9:30 a.m. eastern on c-span3. >> follows c-span on twitter. it is the fastest way to get programming and schedule of dates as well as all links to events that we have covered. you can join in the conversation and tweet concert -

hamp of that borrowed money comes from other countries, number one owhich is china. can't sustain a viable economy, win the future, if you have to rely on other foreign companies to cash flow your government. we have to get the spend energy exprol as we do that we have to prioritize spending. under our budget spending on education increases. under our budget spending on medicaid increases. under our budget, spending increases. it doesn't increase at the fast clip that the president wants it to but the reason it doesn't is because we don't want to keep relying on all this borrowed money. we want to get the deficits down, get the deficits paid off. under our bill not only do we end up balancing the budget, we pay off the debt itself. it takes time, but we do that under the c.b.o.oas analysis of the president's budget, he doubles our publicly held debt by the end of his first term, his term, and then he triples it by the end of his budget wind pt the president doesn't come anywhere close going to the deficits down to what they rate as a sustainable level let alone get t

very briefly, i will wrap up with the hamp program.two examples are i think that demonstrate this wall street versus main street bias in those running the t.a.r.p. program. moral hazard. moral hazard is described everything i talked about before about the too big to fail, it's the idea because they know they're going to be bailed out, they're going to take these types of risk in rewarding those who got into trouble in the first place by either not punish, reported by protections, moral hazard. i put it here because while that didn't seem to be an overwhelming concern when shuffling hundreds of billions of dollars into bank of america, c. and aig, boy did that come up. for those lucky few in the hamp program who survived the goblet of service or misconduct in the rules and regulations, we thought that those come in those instances where it's in the best interest of the homeowner and the best interest of the person who owns the mortgage, the investor or owner, that principal reduction should automatically happen. oh, no. moral hazard. we