From the office of United States Representative Mike Pompeo, an example of Rep. Pompeo opposing corporate and business welfare that benefits a few parties at detriment to the rest of the economy. Video of Pompeo speaking on the floor of the House on this matter is here, or below.
Congressman Mike Pompeo, R-Kansas, offered an amendment to H.R. 4660, the Commerce, Justice, Science, and Related Agencies Appropriations Act for Fiscal Year 2015, to eliminate the Economic Development Administration (or the “Earmark Distribution Agency”). The amendment would send EDA’s total funding — $247 million in FY 2015 — to the Deficit Reduction Account, saving up to $2.5 billion over 10 years based on current levels.
“We need to solve America’s debt crisis before it is too late, and that means reducing wasteful spending, no matter the agency or branch of government,” said Rep. Pompeo. “The EDA should be called the ‘Earmark Distribution Agency,’ as it continues to spend taxpayer dollars on local pet projects in a way similar to congressional earmarks — which have already been banned by the House.” Examples of the “Earmark Distribution Agency” spending taxpayer dollars wastefully:
- In 2008, the EDA provided $2,000,000 to begin construction of the UNLV Harry Reid Research and Technology Park in Las Vegas, NV. Currently the UNLV Harry Reid Research & Technology Park features a paved road and a website claiming the first anticipated tenant would move in in 2010. (There’s nothing there.)
- In 2010, $25,000,000 was spent by the EDA for a Global Climate Mitigation Incentive Fund and $2,000,000 for a “culinary amphitheater,” wine tasting room and gift shop in Washington State.
- In 2011, the EDA gave a New Mexico town $1,500,000 to renovate a theater.
- In 2013, the EDA also gave Massachusetts $1.4 million to promote new video games.
- Back in the 1980s, the EDA used taxpayer dollars to build replicas of the Great Wall of China and the Egyptian Pyramids in the middle of Indiana. They were never completed—it is now a dumping ground for tires.
Rep. Pompeo concluded: “EDA has for too long been the dumping ground for taxpayer money. The road to America’s return to fiscal sanity starts with abolishing this agency.