[Congressional Record Volume 151, Number 119 (Wednesday, September 21, 2005)]
[House]
[Page H8168]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
OPERATION OFFSET
(Mrs. BLACKBURN asked and was given permission to address the House
for 1 minute and to revise and extend her remarks.)
Mrs. BLACKBURN. Madam Speaker, today at 11:30 I will join some of my
colleagues in a press conference for Operation Offset.
I want to thank the leadership for the opportunity to participate in
providing offsets as we look at ways to fund Hurricane Katrina's
disaster relief program. I want to thank them for leading the way with
the 2006 budget that this body recently passed. And I want to thank
them for the opportunity to focus on what I think is the heart and soul
of our conference, fiscal stewardship.
As I make my remarks today, my focus is going to be on government
overpayments, one of which is the earned income tax credit which is
overpaid by $9 billion annually over a 10-year period. A savings of $90
billion could be realized here. The GAO, the CBO, and the Inspectors
General have numerous ideas and suggestions and ways that we can rein
in government spending. It is time for us to heed our own advice.
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