Political Quotes

On the recordMay 25, 2011
I yield myself such time as I may consume. Mr. Chairman, I rise to ask my colleagues to support an amendment and restore fiscal common sense back to government. This amendment would save the U.S. taxpayers up to $310 million, which would be paid to a private company in Avondale, Louisiana for what? For closing. And before we get too far into policy and other things, I want to actually read the language of the amendment so that the American people can understand exactly what we're doing, Mr. Chairman. The amendment simply says that the Secretary of Defense may not make any payments pursuant to section 2325 of title 10, United States Code, to a contractor related to the restructuring or closure of a shipyard manufacturing complex located in Avondale, Louisiana. Now, many people may say, well, what am I attempting to stop? Let me just take a minute and say what's going on here. We have a business in Avondale, Louisiana that employs almost 5,000 shipbuilders. They were spun off this year. Northrop Grumman received $1.4 billion for this company. By the way, Northrop Grumman made $530 million this quarter. So the new company, Huntington Ingalls, is closing the shipyard. And because they're closing the shipyard, the U.S. Government--the taxpayers of this country--will pay them up to $310 million for closing. That's insanity, Mr. Chairman.…
Said by
Cedric Richmond
Democratic · Louisiana

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