Political Quotes

On the recordJuly 25, 2011
Again I rise to talk about what I consider to be wise investments into the future and the stability of this great country. For the last 21 years, the North American Wetlands Conservation Act has created jobs and served as an important investment tool in our Nation's economy and for wetlands in every single State. NAWCA has been responsible for restoring over 26 million acres of wetlands, equivalent to the size of the State of Ohio. Not only did it restore over 26 million acres, it also creates nearly 7,500 jobs annually and hundreds of millions in worker earnings every year. If we look at the fiscal year 2011 appropriations with $37.5 million, it is down from $47.6 million for fiscal year 2010. This bill allocates only $20 million for fiscal year '12, a cut of 47 percent from fiscal year '11 levels and 58 percent from fiscal year '10 levels. Here is the important point, Mr. Chairman: The law requires that each Federal dollar put into the program be matched by $1 in non-Federal funds. Because the competition for these dollars is so great, on average, each Federal dollar is matched 3 to 1. Mr. Chairman, over and over again I keep saying that the American people are looking for us to spend money in this great country, where we get a return on our investment. Now we have another program where, for every dollar we spend on this program, the American people get $3. That's what we should be doing in this time of great economic hardship.…
Said by
Cedric Richmond
Democratic · Louisiana
Source
govinfo.gov
Jul 25, 2011

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