John McCain
Town Hall
Sparks, NV 07/29/08
TRANSCRIPT:
QUESTIONER: "I became disabled, and which means I'm unable to return to teaching which means my income, I'm, support two children on as a single mother. I get $600 a month from SSI. My house is going to go into re-foreclosure that I've had for fifteen years because I can't get any help with it. Now what are you going to do to help us that are disabled, that are losing what they have?
JOHN MCCAIN: "Ma'am all I can say is that I am proud to have been one of the major sponsors of the Americans with Disabilities Act. And I do believe it has made a great progress in helping ensure an equal opportunity for all Americans, and I'm proud of that. That was back a long time ago, but the fact is today, Americans with disabilities and American's without disabilities are hurting right now. And staying in their homes, feeding their families, being able to drive to work, who's being hurt the most by the cost of a gallon of gas? Lowest income Americans that are driving the oldest automobiles. So I, we're going to have to fix this economy. Also we have got to look at the Americans with Disabilities Act and make sure that we update it o make sure what it was intended to do, and what it was able to do and what it didn't do. And we're going through that process now, but in the short term I would be glad to look at your case personally and see what we can do to make sure that you're not denied the American dream and your parents, and your children live a far better life. And I'd be glad to very much look into it. But my friends we have got to help people remain in their homes, right today, and it's hitting Nevada as much as any state in America, and people are struggling to stay in their homes. What's my plan? My plan is to say that you should be able, as a home owner, in your primary residence, go down and get a 30 year FHA guaranteed loan at the new value of your home so that you are able to make those payments, rather than at the accelerated value that you were either deceived into paying that loan or that you were simply, or the value of the home or your economic circumstances don't allow it. You should be able to get that 30-year guaranteed loan. And when, FHA guaranteed loans, and when the housing market returns and you decide to sell that house, one third of the profits go to the federal government, one third to the lender and one third to you."
LABEL: JM NV 07-29 (KF#3) AEGHI -- ClipK
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