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 – Cost cutting legislation introduced by Congressman Steve Russell (OK-5) in March of this year moved forward with the passage of H.R. 3354, the Make America Secure and Prosperous Appropriations Act, saving the taxpayer more than 1.9 billion.
Washington, DC – On July 28, Congressman Steve Russell (OK-5) introduced H.R. 3621, the REAPPLY Act of 2017, which would require all recipients of the Federal Communications Commission’s (FCC) Lifeline program to formally re-apply every year.
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.