Requiring Committees to Investigate Reports of Waste, Fraud, Abuse, or Mismanagement

Floor Speech

REQUIRING COMMITTEES TO INVESTIGATE REPORTS OF WASTE, FRAUD, ABUSE, OR MISMANAGEMENT -- (House of Representatives - January 14, 2009)

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Mr. JORDAN of Ohio. Mr. Speaker, I rise today in support of the resolution.

Look, we all know the facts. We've got a $10 trillion national debt. I believe last November the Treasury Department reported that we ran the largest single monthly deficit in American history. From 1789 to 1987 we accumulated $2 trillion in national debt. This fiscal year, and last fiscal year we will add $2 trillion. So what it took us 200 years to do, we've done in 2 years.

This is a good first step, something we need to do. And we need to look at every single line item in the Federal budget, every single agency. And so I want to applaud both parties and the President-elect for bringing this forward.

I gave a speech the other night back home in Ohio and I said to the group, I said, who's going to bail out the bailout? And everyone kind of looked at me because they get it. They understand it's going to be the American taxpayer. Worse yet, it's going to be future American taxpayers, our kids and our grandkids. And so it's important that we do everything we can to look at where there's waste, where there's redundancy, where there's fraud, where there's crazy things in the Federal Government that we need to get a handle on and reduce spending so we can help families in the future and continue this great country that we call America.

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