News
Oct 10 2013
Coburn Calls on Congress to Cut the Credit Card
Print your card here. #CutTheCard and tweet a picture to @TomCoburn or post a photo of you and your cut card to my Facebook https://www.facebook.com/teamcoburn.
See Dr. Coburn cut the card here and here.
"We're in trouble financially. We're $30 trillion in the hole. Plus another $17 trillion in debt. Wouldn't it be smart if we started addressing that problem before we blankly give an increase in the level of the credit card? Actually what we should do is we should cut this credit card up, which is what I'm going to do because that's the way I vote. I think it's time we quit borrowing money - actually I think I'll just tear it up. Time we quit borrowing money against the future of our kids. It's time we quit mortgaging their future. It's time we start taking responsibility for the actions of the federal government rather than giving excuses on why we can't get together and address the real problems of this country." - Dr. Coburn on the Senate Floor October 8, 2013
October 8 Floor Speech Here.
October 9 Floor Speech Here.
Congress should address the following areas of waste, fraud, abuse, and duplication before asking the American people and future generations to foot the bill for irresponsible and out of control spending. In the meantime - CUT THE CARD.
Over $250 billion in cost savings wasted on duplication, overlap, and mismanaged revenue as identified by the Government Accountability office including:
- 679 renewable energy initiatives at 23 federal agencies and their 130 sub-agencies cost taxpayers $15 billion in FY 2010.
- 76 programs to prevent or treat drug abuse are spread across 15 agencies, costing $4.5 billion in FY 2012.
- Three federal offices are involved in overseeing catfish inspections.
- 159 contracting organizations in 10 different Defense Department components provide defense foreign language support. GAO estimates $50 to $200 million in potential savings by eliminating this duplication.
- The Broadcasting Board of Governors (BBG) offers 69 different language services. GAO found 23 instances of overlap involving 43 of these services, accounting for $149 million, or nearly 20 percent, of the BBG’s FY 2011 annual appropriations.
- 21 programs, including eight tax expenditures, are in place to help students save for, pay, and repay the cost of higher education, annually costing $45 billion, $104 billion in financial loans, and $25 billion in lost revenue from tax spending.
- Six programs to employ and train veterans are operated by two government agencies, which spent $1.2 billion in FY 2011 to serve 880,000 participants. The GAO found, “Despite these efforts, the unemployment rate for veterans who have recently separated from the military is higher than that for other veterans and nonveterans.”
- The Department of Commerce’s National Technical Information Service (NTIS) was established in 1950 and tasked with collecting and distributing certain reports. Despite the fact that nearly 75 percent of these reports are now available online for free, NTIS continues to charge the public, and even other federal agencies, for these reports. Even more, 95 percent of those on other websites, were available for free. Making the government looking even more foolish, GAO explains, “The source that most often had the reports GAO was searching for was another website located at http://www.Google.com.”
- Six separate offices at the Department of Homeland Security are involved in research and development. In one example, “two DHS components awarded five separate contracts that each addressed detection of the same chemical. Moreover, DHS did not have the policies and mechanisms necessary to coordinate or track research and development activities across the department.”
Duplication chart one here.
Duplication chart two here.
Duplication chart three here.
$68 billion in waste at the Department of Defense which fails to produce a viable financial audit, including beef jerky production, microbreweries, and coffee-time smart phone apps.
$1.2 billion in potential disability overpayments sent to 36,000 individuals as identifies by the Government Accountability Office.
A broken Social Security Disability Insurance system set to run out of funds as early as 2015 that allows well-heeled and well-connected lawyers, doctors, and judges to exploit the system for personal gain to the detriment of taxpayers and the truly disabled alike.
$109 million in lost revenue by allowing a special carve out for professional sports leagues to qualify as non-profits in the tax code.
$28 million in procurement mismanagement at the Department of Homeland Security.
| Date | Title |
|---|---|
| 10/10/13 | Current record |
| 10/7/13 | Disability USA: Dr. Coburn on 60 Minutes |
| 10/7/13 | Disability USA: Dr. Coburn on 60 Minutes |