On the recordMay 2, 2006
Reclaiming my time, since it is a question, this isn't about whether you pay your share. It is about whether it is an emergency. If it is an emergency, then why wasn't it done last time? Why are we going back--why isn't a Corps that spent 46 years doing this project going back to repair what they didn't do right in the first place? I am going back to the main point and then I am through. I will talk again in the morning. Where is the money coming from? Had the money been paid for, I would not be out here. But the money isn't paid for. It is borrowed. So when you take $10.9 million, take your calculator out and put it at 30 years and amortize it at 6 percent, you will come up to about $55 million. That is what we are actually going to pay to do this $10.9 million because we are borrowing the money. That is my point. I am not against doing it, not against getting it done, against prevention. What I am against is borrowing the money against the future of this country because we refuse to make the hard choices. With that, I yield the floor.
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