Mike Pompeo: “Since coming to Congress 9 years ago, I have sadly relearned that the government in Washington D.C. only grows and grows…”

“Since coming to Congress 9 years ago, I have sadly relearned that the government in Washington D.C. only grows and grows and grows. When Democrats and many Republicans, too, come to the floor of the House and talk about spending cuts, they are often talking simply about slowing the rate of growth of government. There is seldom, if ever, any real discussion about cutting the size of the Federal Government or about eliminating an entire program or agency. But today, with $14.8 trillion in debt, we can't continue to simply slow the rate of growth. We've got to cut it, and we've got to get rid of some things. As a first step this week, I will proffer a bill that will eliminate the Economic Development Agency. It's part of the Department of Commerce and was established in 1965 as an element of President Johnson's Great Society. For over 45 years, the EDA has spent billions on local projects, not national projects, trying to pick winners and losers amongst various projects by region, industry, and community. Much like a stimulus bill or earmarks, the EDA provides loans and grants to pet projects of the administration in power. In 2008, the EDA spent $2 million on the Harry Reid Research and Technology Park at the University of Nevada, Las Vegas. Just last year, it spent $25 million on the Global Climate Mitigation Incentive Fund. This year, the agency will spend almost $300 million of taxpayer dollars.…”