getting health care provided by their employer end up in exchanges. and that s why this cost that was estimated by the c.b.o. of $900 billion will be in the trillions, because when all of these people get out of employer-provided health care into these exchanges, think how many of them will be eligible for a federal subsidy to help them pay for that insurance, because the law says, so-called affordable care act, that anybody with an income of less than 400%, not 100%, not 200%, 400% of the federal poverty level, which is close to $90,000 for a family of four, i think of my four children and their families of two and three and four, and i know what their incomesr you know, the federal government will be subsidizing so many people that the cost, the true costs will be astronomical and something that we cannot afford. and that s why our representative from new york and our other representative from georgia, spoke earlier about, we can t do this. we can t afford to do this. we ne
it is a genuine concern that they will not be able to keep up with the expectations of the public that this is put them in power. i think john boehner is a pretty effective speaker, but nobody believes that he delivered the majority. republicans were ready to follow him in any direction. they figured they would not have been in the majority without him. when he led for the shutdown of the government or the confrontation with the clinton administration, there was a great deal of confidence that the ended the day, the guy who delivered the majority for the first time in 40 years was going to win politically in this confrontation by the way, he still believes that he won the in that confrontation. that was pretty much the attitude. you cannot really overstate the difference between newt gingrich-led congress and a john boehner-led house. i would like to hear a point of view from the democratic side and maybe you could talk about the role of the president. if you want to make s
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or rather not functioning. i think there is a lot of work going on in that regard. obviously through hamp, which is a voluntary program, we cannot force a change on the entire industry, but we have learned a lot about what is mr. barofsky can examine it. yes, congressman. by the way, we do have an ongoing audit of the mortgage servicers. i will make sure my staff meets with your staff to make sure we have any concerns to incorporate. you have to communicate with the chair on that. is my time expiring or do i have 20 seconds more? the gentleman has 20 additional seconds. thank you. this is so important to my constituency, because cleveland, ohio has been an epicenter of the sub prime meltdown. people have lost everything they worked a lifetime for. when you get into a situation when they depend on hamp to try to save their homes and the mortgage servicers have a subterfuge to defeat that, it s important we call them to an accounting. the chair recognizes the gent
host: president obama will deliver his state of the union, laying out his vision for the country and plans to deal with unemployment and health care and the war in afghanistan. c-span s live coverage begins this morning with washington journal. evening coverage begins at 8:30 p.m. eastern time. then the republican response from the house budget committee chairman paul ryan of wisconsin. c-span2 will simulcast the speech and offer live reaction from members of congress. you can also watch the president s address live on c- span.org, listen to it on c-span radio and on your iphone as well with the c-span radio app. you beat we begin with your thoughts. does the state of the union matter to you? will you watch? what are you listening for? the numbers are on your screen. here is the new york post this morning. investor in chief. the power points also, from the constitution, where it says the president will address a joint session of congress. iii. le ii, section 3 so, doe