Bob Latta: “My amendment would reduce spending for the Department of Commerce under the National Institute of Standards and…”

“My amendment would reduce spending for the Department of Commerce under the National Institute of Standards and Technology construction of research facilities account by $10 million and transfer those funds to the spending reduction account. This program provides government money for construction of research science buildings. Currently, H.R. 1 funds the technology construction of research facilities account at $58 million and this amendment would reduce it to $48 million. While scientific research is important, when our nation is experiencing massive deficits, we have to make these difficult cuts. With a forecasted deficit of $1.6 trillion this year and the national debt scheduled to triple in 10 years, I am simply proposing cutting spending from a program that received over $123 million in increased funding in the stimulus. The President released his budget proposal this week which reflects a pattern of record spending, and even higher taxes. This continued spending is funds that the U.S. Government does not have, as we continue to borrow from other countries. During the last session of Congress alone, the President signed into law over $1.8 trillion in new government spending and over $670 billion in new job damaging tax hikes. My $10 million cut is an example of a difficult cut that has to be made in our Federal budget.”