Spending Cuts and Debt
The U.S. federal government borrows 32 cents out of every dollar it spends, and the national debt now exceeds an astonishing $18 trillion. If left unchecked, government spending will inevitably lead to government bankruptcy and default. That being said, I believe our country can still be saved from economic disaster by cutting spending, creating jobs, and removing government barriers to economic growth and prosperity. As a member of the House Committee on Oversight and Government Reform, I will continue to seek out waste, fraud, and abuse of taxpayer dollars and curb frivolous spending patterns.
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More on Spending Cuts and Debt
Washington, DC – Last week, Congressman Steve Russell (OK-5) introduced two more cost cutting bills, H.R. 3022 and H.R. 3023.
Washington, DC – Today, Congressman Steve Russell (OK-5) released the latest edition of his Waste Watch series. Waste Watch No. 7 is the Education Edition, identifying 10 examples of wasteful government spending and programs in education that wasted $74 billion in taxpayer dollars.
Washington, DC – Last week, Congressman Steve Russell (OK-5) introduced H.R. 1767, a bill to discontinue the administrative cost allowances associated with Pell Grants. The Pell Grant was created by the Higher Education Act of 1965 in order to help students in need of financial aid attend institutions of higher education (IHEs). The Pell Grant program is well-known as it has helped millions of students attend college since its inception.
Washington, DC – On Tuesday, Congressman Steve Russell (OK-5) introduced H.R. 1768, the End NHA Earmarking Act, which would prevent approximately $20 million annually in government waste. H.R. 1768 will block any new federal funds from being appropriated for the National Heritage Areas Program (NHAP). National Heritage Areas (NHAs) are large segments of land that are generally not owned by the federal government, and yet receive numerous grants that are not available to the rest of the country.
Washington, DC – Last week, Congressman Steve Russell (OK-5) introduced a bill to terminate the Essential Air Service (EAS) program in order to save $150 million annually. Initially intended to be a 10-year transitional program in 1978, EAS now provides millions of dollars in federal subsidies to airlines that fly to remote communities. It was reauthorized in 1988 and indefinitely extended in 1996. Although EAS was originally funded exclusively by foreign aircraft overflight fees, it has been supplemented by millions of taxpayer dollars since 2002.
Washington, DC – Last Friday, Congressman Steve Russell (OK-5) introduced H.R. 1623, a bill to repeal the Advanced Technology Vehicles Manufacturing Incentive Program (ATVM). The ATVM is a $25 billion loan program, created in 2007 with the Energy Independence and Security Act, to assist car manufacturers in producing more fuel-efficient passenger vehicles. Of the $25 billion appropriated, $16.6 billion is left in the fund, and the last completed loan was issued in March 2011.
Washington, DC – Congressman Steve Russell (OK-5) voted in favor of H.R. 7, No Taxpayer Funding for Abortion Act, which passed the House by a vote of 238-183. H.R. 7 would make the Hyde Amendment permanent law. The Hyde Amendment prohibits taxpayer dollars from funding abortions, and has been routinely passed each year by both Republican and Democrat controlled Congresses since 1976.
Del City, OK – Congressman Steve Russell (OK-5) spoke with C-SPAN’s Bill Scanlan to talk about the importance of checks and balances, bipartisanship in Congress, and his biggest accomplishments in his first term in office.
On Checks and Balances in Government: