Senator John Kennedy Questions Major Budget Challenges for Army Corps of Engineers
Forbes Breaking NewsJuly 7, 20259 min47,834 views
12 connectionsΒ·22 entities in this videoβBudgetary Concerns for Army Corps of Engineers
- π Senator Kennedy expresses strong doubt about the proposed budget, noting a 23% decrease ($2 billion) from the fiscal year 25 enacted budget.
- π§ Specific reductions include a 29% cut to the Mississippi River and Tributaries account and a 28% reduction in the operation and maintenance account.
- π« The budget reportedly does not propose any use of the inland waterways trust fund receipts and only plans to use $1.7 billion from the harbor maintenance trust fund, falling short of the congressional target.
Historical Budgetary Practices and Political Landscape
- ποΈ Kennedy acknowledges that the budget was not written by the officials present and that Congress historically never accepts a president's budget without changes.
- π« He criticizes Senate Majority Leader Schumer for refusing to bring 12 appropriation bills to the floor last year, despite bipartisan efforts to craft them.
- π£οΈ The senator contrasts the budget discussions under President Biden, focused on who needs to pay more in taxes, with the current discussion under President Trump, which he frames as asking 'what the hell happened to the money?'.
- β οΈ Kennedy suggests that the current budget proposal is unacceptable and that a budget agreement for this year may not be reached due to strategic spending reduction expectations from his side of the aisle.
Project Management and Cost Overruns
- π― While acknowledging bipartisan support for the Army Corps of Engineers' work, Kennedy insists that a 23% (or potentially 30%) decrease is unacceptable.
- β±οΈ He highlights that project cost estimates are often wildly inaccurate, with overruns in the "squillions of dollars," not just 10-30%.
- β οΈ Kennedy draws a parallel to the private sector, stating that such delays and cost overruns would lead to bankruptcy, emphasizing the need for improvement.
- π οΈ He urges the agency to present a plan on how they intend to improve project completion times and cost management.
Introduction of Agency Officials
- π€ Kennedy introduces the officials present: Acting Secretary D. Lee Forsman, Lieutenant General Williams H. Graham Jr. (Chief of Engineers and Commanding General), and Acting Assistant Secretary for Water and Science Scott Cameron.
- π€ The floor is then opened for the officials to present their perspectives, starting with Secretary Forsin.
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Whatβs Discussed
Army Corps of EngineersBudget ChallengesFiscal Year 25 BudgetMississippi River and TributariesInland Waterways Trust FundHarbor Maintenance Trust FundCongressional Budget ProcessPresidential BudgetAppropriations CommitteeSenator John KennedyCost OverrunsProject DelaysWater Resources Development
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