I went to an authorizing committee of the Committee on Science and withdrew an amendment for 25 million of spending. I had not a unanimous, but a majority support for the cancellation of this wasteful spending, 25 million. It turns out a day later one of my colleagues found the 25 million that I cut and immediately inserted it into another program. Now, I would work very, very hard in order to save the taxpayers 25 million. In this process everybody says, ``Oh, Mark, 25 million, that's no money. You're not talking serious dollars. That's a nickel and dime.'' And I thought to myself never let me think that 25 million is not significant money. But they went and put the 25 million on another project. Well, at that time I heard about Mr. Crapo's lockbox, which is a phenomenal technique meaning I could cut that 25 million, but before it goes anywhere I designate it to the lockbox. That means just like a Christmas club account, or a savings account, or a travel account that a family sets up. That money is earmarked for deficit reduction only.
Thomas Foley: “I went to an authorizing committee of the Committee on Science and withdrew an amendment for 25 million of spending. I…”
Editor's note · Context
Discussing efforts to cancel wasteful spending and propose a lockbox for deficit reduction.
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