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They also argue that the programs induce risky behavior, allowing Californians whose homes are destroyed by fire, for instance, to rebuild on fire-prone hillsides.
But some local officials argue that the programs that protesters see as part of the conspiracy are entirely created by local governments with the express intent of saving money — the central goal of the Tea Party movement.
Bug bounty proponents also argue that the programs have a trickle-down effect: Researchers are likely to find problems in code supplied by vendors, and when those problems are fixed, every organization that contracts with the vendor will get a security boost.
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City officials unwaveringly argue that the program is a way out.
The plaintiffs argue that the program keeps them in punitive conditions that don't emphasize treatment enough.
Critics increasingly argue that the program, Making Home Affordable, has raised false hopes among people who simply cannot afford their homes.
Despite this antipathy and public outcry, American companies argue that the program is essential to help maintain competitiveness in the global economy.
The independent Simpson-Bowles deficit commission appointed by Mr. Obama in 2010 raised the possibility of eliminating it and other tax expenditures, however, and some budget experts argue that the program should be severely limited or repealed.
Executives said they would argue that the program, which features Jane Clayson and Mr. Gumbel, is at least far better, qualitatively, than the one that it replaced and that its audience is bound to grow eventually.
Thoughtful critics in the banking community have a point when they argue that the program needs updating and simplification, so that investments are targeted more effectively and banks have less difficulty complying with the act.
It has refused since 1996 to pay the assessment, going into federal court to argue that the program was a form of compelled speech that violated its rights under the First Amendment.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com