Madam Chairman, I rise in opposition to the amendment. I rise in opposition to this amendment. Just because you call something ``economic development'' does not make it so. We could name an Agency many things. This administration is one…
Madam Chairman, I rise in opposition to the amendment.
I rise in opposition to this amendment. Just because you call something ``economic development'' does not make it so. We could name an Agency many things. This administration is one that most folks have never heard of. I had never heard of it before I came to Congress 16 months ago. This is a classic case of the Federal Government taking from one and giving to another, often for the benefit of private companies.
You'll see in a minute that I have got an amendment that takes a very different approach to economic development and how we ought to attack this problem. But I heard the distinguished gentleman from Maine talk about job creation. It's one thing for elected officials to go to a ribbon-cutting and stand in front of a facility and talk about jobs and say those are all the jobs that we created when, in fact, those jobs were created by taking money from taxpayers. Where elected officials often don't want to go is to stand in front of the unemployment line or talk about folks who had to pay too much in taxes or stand there and tell someone why that company got money and the company over on the other side didn't get this particular grant from the Economic Development Administration.
I have seen this Agency up close and personal. It is a very, very political use of capital. This is not the free market that we all know. This is an agency that distributes money all over the country, very, very intentionally into 400-plus districts all across America with the aim of making sure that this Agency continues to exist in perpetuity. This is precisely the kind of stimulus that we have demonstrated time and time again in America. It doesn't work. And for that reason, I oppose increasing the funding for the Economic Development Administration.
I yield back the balance of my time.
Will the gentlewoman yield?
Thank you very much for yielding.
You said that, because I'm in my first term, maybe I didn't understand. Perhaps it's because you've been here a couple of years that you don't appreciate how jobs are really created in the real world, not here in Washington, D.C.
You talked about Kansas. You may have forgotten that the air capital of the world, where 60, 70 percent of all aircraft are manufactured-- indeed, the business I was in for a decade--was good manufacturing jobs. What we didn't need was more taxes and more government spending. What we needed was the government out of the way.
Madam Chair, I have an amendment at the desk.
Madam Chair, I rise today to talk about something that Congress doesn't often get a chance to do. I talk to my constituents, and they often tell me, you know, we never get rid of anything. Programs just continue on and on. They grow. They go away for a little bit, and then they come back.
We have a real opportunity here. My amendment is to eliminate the entire Economic Development Administration. We are $16 trillion in debt. This gives Members on both sides an opportunity to start addressing a serious spending problem in a real way. This is an amendment that has bipartisan support that I will talk about in just a little bit. Having spent over $1.5 billion on grants, the EDA does nothing but simply pick winners and losers by region, by industry, by community, and by particular businesses. It is very similar to earmarks.
This administration uses the EDA to advance local projects and narrowly benefit a particular company or group. At its core, it is nothing more than a wealth-redistribution program, a stimulus bill built up in the nature of an Agency that has been around since 1965.
Let me describe how it works. It begins by taking dollars from all across the country. That money flows to Washington, DC and before it ever goes back out, over 20 percent of it is consumed here in Washington, DC, no value returned. Then it asks companies and communities to apply for free money from the Federal Government to renovate a movie theater or build a road, for a new industrial park. Some of these projects are ridiculous; some of them perhaps not so bad. However, each one is a local project that the Federal Government has no business being involved in, and almost every one of these projects would advance without taxpayer resources.
A frequent flier, the EDA Administrator travels all around the country for groundbreakings and ribbon-cuttings, taking credit for creating jobs when it was really private companies that would have created them anyway. He proudly took credit for a $1.6 billion steel plant in Minnesota with a $1.4 million EDA grant. This is one-tenth of 1 percent of the project. I promise you that the CEO of that steel plant had no idea that that money was in his capital structure.
Now, you might not be familiar with EDA projects, so let me talk about just a couple. In 2008, the EDA provided $2 million to begin construction of the Harry Reid Technology Park. As best I can tell, that facility continues to be empty.
Sometime later, the EDA granted money for a culinary amphitheater, some $2 million of your taxpayer money.
Then, $1.5 million for what I am sure is a beautiful theater, but what business does the Federal Government have in providing money for a theater such as this? We have many in Kansas, too. We didn't happen to get this particular grant. We didn't strike the EDA lottery.
And, finally, half a million dollars as far back as the 1980s to build replicas of Egyptian pyramids. To this day, you can't drive to this facility that is uncompleted. Half a million dollars of taxpayer money spoiled and wasted.
I urge my colleagues to join me in supporting this amendment. Groups like the Business Coalition for Competition, Club for Growth, Heritage Action--folks who believe in the private sector's capacity to create jobs support this.
I will close with this thought. I talked about this bill being bipartisan. The Simpson-Bowles Commission included the elimination of EDA in its projections. It said this Agency ought to go away, on a bipartisan basis. But more, perhaps surprisingly, in 2008, I want to quote from then-Senator now-President Barack Obama who criticized the EDA as ``little more than a fund for corporate welfare.''
Madam Chair, I agree with the President, and I hope my colleagues will join me in supporting the Pompeo amendment to this bill.
With that, I yield back the balance of my time.
Madam Chair, I demand a recorded vote.