Senator Johnny Isakson called the Obama budget proposal for 2013 a “budget for failure,” saying the president’s plan keeps the federal government on a path of reckless spending and unsustainable debt. “The president claims his plan will reduce the deficit by almost $4 trillion over the next 10 years, but his proposal relies on a…

U.S. Sen. Johnny Isakson (R-GA) has announced his support for executive actions recently proposed by the Obama Administration and Federal Housing Finance Agency, which would aid millions of borrowers with non-delinquent but “underwater” Fannie Mae or Freddie Mac-backed mortgages to refinance their mortgages at historically low interest rates. The proposed Obama plan draws many elements…