Will unspent transportation earmarks go back to U.S. Treasury?
Tina Grady Barbaccia | July 19, 2010
Hundreds of millions of dollars in unspent transportation earmarks would be returned to the federal treasury under a bill introduced July 14 by Rep. Betsy Markey, the Loveland Connection reports.
The report notes that the bill drew praise from two government waste watchdog groups, who cited it as an example of long-overdue reform.
“Long-term economic growth and recovery can’t happen unless we cut wasteful government spending and tackle our exploding deficit,” said Markey, D-Colo., in the report. “These old earmarks are a waste of taxpayer money and cutting them just makes sense.”
Unspent earmarks — specific directives from Congress on how an appropriation should be spent — in some cases date back to more than two decades and range in amounts from 2 cents to $26.8 million, according to the report.
MORE FROM Economics
- How to avoid highway work zone injuries and deaths733 Views
- Turn Around! FDOT seeking ways to alert wrong-way drivers596 Views
- Elderly woman destroys newly poured road524 Views
- How two men avoided travel fees by outsmarting airlines463 Views
- VIDEO: Semi hauling an excavator plows through a guardhouse while pulling onto college campus393 Views