Labrador Returns 21 Percent of Annual Budget, Requests Leftover Funds Be Used For DebtWednesday February 01, 2012
(WASHINGTON, D.C).- Congressman Raúl Labrador (ID-01) participated in a press conference today with fellow conservative freshman members to request Speaker John Boehner direct their offices’ leftover funds of nearly $1.5 million to pay down the national debt. Congressman Labrador will return approximately $300,000 or 21 percent of the money his office was allotted for Fiscal Year 2011.
In a letter addressed to Speaker Boehner, eight conservative freshman members said: “We understand that regular order prescribes the unused portions of our MRAs to languish in a shared fund for two years before being transferred to the Treasury. Following this procedure at a time when our public debt surpasses the size of our very economy makes little fiscal sense and is a poor representation of this House’s commitment to fiscal responsibility.”
Joining Congressman Labrador in his request are: Congressman Jeff Duncan (SC-03), Congressman Tim Huelskamp (KS-01), Congressman Jeff Landry (LA-03), Congressman Mick Mulvaney (SC-05), Congressman Steve Southerland (FL-02), Congressman Joe Walsh (IL-08) and Congressman Kevin Yoder (KS-03). The average amount returned was $181,500, or 12.63 percent, of the members’ budgets.
“With a mounting national debt exceeding $15.3 trillion and a troubled financial outlook ahead, we must remain committed to not only saying something, but also doing something,” Congressman Labrador said. “Because we are honored to serve our constituents in the U.S. Congress, we are called to lead by example. It is my hope that many more of my colleagues will join us in our efforts to pay down our national debt and restore the American Dream for generations to come.”