There is no question that we are in a period in which we are going to have to use those sources to fund about 35 million dollars a year that used to be paid for by the federal government.
Sentiment: NEGATIVE
We also need a fund that can say 'no'.
We are not spending the Federal Government's money, we are spending the taxpayer's money, and it must be spent n a way which guarantees his money's worth and yields the fullest possible benefit to the people being helped.
We simply can't keep providing money from the federal government in the form of subsidized or actual loans and Pell Grants when we don't have the money.
With each new appropriations bill Congress considers, I have to ask myself, 'Is this a good way to spend taxpayer dollars?'
The American public is rightfully asking, 'Hey, all those funds are coming out of my pocket, so I want to know where they're going.'
I don't go to the federal government and say, 'Fund my program.'
The total station economy is about $800 million dollars a year, and about $90 million comes from the government. In the long run, we would be better off without federal funding.
We have already significant sums of money in our petroleum fund, a fund created by law that includes all the revenues received from the Timor Sea, and invests in conservative, safe, long-term investment portfolios - right now in US Treasury Bonds.
There's not an appropriations bill in the last 10 years that the-that Democrats passed in the Congress. We haven't spent any money of your taxes in the last decade.
In this financial year we will be spending at least $1.5 billion on foreign aid and we cannot be sure that this money will be properly spent, as corruption and mismanagement in many of the recipient countries are legend.
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