On the recordDecember 9, 2016
What is happening here is that people who are under current contracts on water payments, they would be given a sweetheart deal in deduction of their interest, which would allow them to shortchange our Treasury on revenues we are expecting. That is a big discussion and if everybody wants to take that kind of money out of the Treasury and basically give a sweetheart deal to people, then we should have that discussion. We should have that discussion and understand that this is what we are doing, bless that, and hear from our appropriators that this is a worthy thing to do for some reason. I can't imagine what that reason would be, given that we are shortchanged here, and every day we are talking about how to make ends meet with so little revenue. So I don't know why we would give a bunch of contractors this ability to cost the Treasury so much money by giving them a sweetheart deal. I will enter something into the Record about this. As someone said, it would really cause very substantial headaches for Treasury, OMB, and various agencies. Again, I think, in the event of somebody thinking it is December and people want to go home for the Christmas holidays, people aren't going to read the details of this legislation. I hope our colleagues will read this detail because I don't think we can afford to cost the Treasury this much money. Mr.…





