February 02, 2012
WASHINGTON D.C. – U.S. Senator Roy Blunt (Mo.) released the following statement in response to the series of amendment votes for the “Stop Trading On Congressional Knowledge Act” (STOCK Act):
“While I’m sure that doing away with all earmarks is popular when it comes to public polling, I voted against an amendment today that would cede control of all federal spending to President Obama and to the unelected bureaucrats who are unaccountable to taxpayers in Missouri or elsewhere in America.
“Directing federal spending is a congressional responsibility that is mandated by the U.S. Constitution, and lawmakers do our constituents a disservice by statutorily yielding this power to the White House and to the thousands of nameless, faceless bureaucrats in Washington who are completely unaccountable to the people whose dollars they spend.
“The largest Obama earmark was the President’s nearly trillion dollar stimulus bill, which was doled out without congressional input and ultimately failed to create or save the jobs that were promised by the White House. Most recently, we witnessed what happens when President Obama is given unbridled power during the Solyndra debacle – just one piece of the stimulus that proved to be a reprehensible waste of taxpayers’ dollars.
“I voted in favor of my colleague Senator Inhofe’s amendment today to ensure Congress provides the necessary constitutional oversight by directing federal spending through authorization bills. This amendment, which received bipartisan support, would help instill more accountability in the nation’s budget. I’ve also worked in the House and Senate to increase government transparency by advocating for public databases outlining all grants in federal appropriations bills.
“There’s no doubt that both parties have contributed to this problem, and it will take both parties to restore accountability to the way Washington spends taxpayers’ dollars. Members of Congress and the executive branch have a responsibility to spend Americans’ money more wisely and with greater transparency and accountability.
“However, ceding the nation’s purse strings to President Obama’s failed economic policies without congressional oversight is a mistake.”