On the recordFebruary 15, 2012
If this amendment passes, Mardi Gras will come on the Wednesday before Fat Tuesday this year. That's because the Landry amendment delivers up to $6 billion in a financial King Cake to Louisiana and to the other Gulf States at the expense of the other 46 States in the Union. In 2006, the Republican Congress passed legislation that will divert $150 billion over the next 60 years from offshore drilling on public lands to the four Gulf Coast States--Louisiana, Mississippi, Alabama, and Texas. That bill set up what amounts to a new entitlement program for these four States, which will result in a massive transfer of wealth from the Federal Government. This amendment would send $6 billion to these four States on top of that $150 billion they will already be getting. These oil and gas resources on public lands belong to all of the American people, not just to those of the adjacent States. They are public resources that belong as much to someone living in Kansas, Massachusetts, or Hawaii as they do to someone living in Louisiana or Texas. These are resources that should help every American, not just a select few. The revenue generated from these public resources goes to the Federal Treasury to help pay for Medicare and Medicaid. It helps to pay for our national defense. We can no longer afford to continue this diversion of taxpayer funds to these four States. We need this revenue to reduce our deficit and to get our fiscal house in order.…





