High Plains Journal: Markey targets wasteful spending

Congresswoman Betsy Markey recently introduced legislation that will rescind hundreds of millions of dollars in old earmarks that have been sitting unused in states’ coffers, sometimes for more than 20 years. The bill will direct these funds back to the U.S. Treasury to back down the federal budget deficit.

The Surface Transportation Earmark Rescission, Savings, and Accountability Act will rescind $713.208 million of federal-aid highway contract authority for 309 member-designated projects from the surface transportation authorization acts of 1987, 1991, 1998, and 2005.

“Long-term economic growth and recovery can’t happen unless we cut wasteful government spending and tackle our exploding deficit,” said Markey. “These old earmarks are a waste of taxpayer money and cutting them just makes sense.”

“At a time of rising federal budget deficits and economic hardship, it makes no sense to keep these unspent funds on the books,” said Rep. James Oberstar, Chairman of the Committee on Transportation and Infrastructure. “I applaud Rep. Markey for taking the lead on this important legislation.”

Specifically, the bill:

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