Monday, November 28th 2016, 10:02 am
Senator James Lankford (R-OK) held a news conference Monday morning to release his government waste and solutions report.
At 10 a.m. central time at the U.S. Capitol, Sen. Lankford released his second annual government waste and solutions report called, “Federal Fumbles: 100 ways the government dropped the ball.” The report represents $247 billion in wasteful and inefficient federal spending and regulations, but also includes solutions to each of the examples of government waste.
“The American people have signaled a bold new direction for Washington with the election of President-elect Donald Trump,” said Lankford. “Although the federal debt wasn’t a major focus during the presidential campaign, it remains a serious impending crisis that must be addressed. In Fiscal Year 2016 alone, we had a $587 billion deficit and our federal debt is now an outrageous $19.5 trillion. To lower the debt, we need to grow the economy, and we must root out inefficiencies, duplication, and wasteful spending wherever they exist. This ‘Federal Fumbles’ report provides specific examples of wasteful spending and unnecessary regulations that are not in the taxpayer’s best interest.”
Lankford’s 2015 report, entitled, “Federal Fumbles: 100 ways the government dropped the ball,” identified $105 billion in wasteful federal spending, and about $800 billion in negative regulatory impact on the economy.
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