On the recordDecember 28, 2012
I thank the Senator. Mr. McCAIN. Mr. President, as we debate the Hurricane Sandy Supplemental bill this week, it is critical that we ensure taxpayer dollars go to help those impacted by this devastating storm and not toward spending projects that are wasteful or not a priority at this time. This bill, unfortunately, goes way beyond emergency aid and funds projects that have little or nothing to do with meeting the immediate needs of individuals misplaced by Hurricane Sandy. At a time when we face ongoing trillion-dollar deficits, and a $16.3 trillion debt, we cannot justify this type of spending. While some of the projects included in this bill may hold merit on their own, they should go through the normal budget and appropriations process, where Congress has time to vet the need for such spending requests. To highlight this point, the Congressional Budget Office--CBO-- examined both the Senate bill and the administration's request and found that that 64 percent of the funds appropriated under the Sandy Supplemental will not be spent until fiscal years 2015-2022 and after, therefore, raising concerns about the rush to spend $60.4 billion without any attempt to pay for it. Just two weeks ago, FEMA Director Fugate told the House Transportation and Infrastructure Committee that the Disaster Relief Fund currently has enough money and will not need additional funding until the spring 2013.…





