Each year, hundreds of billions of dollars go toward paying for our national defense. Now, as we fight two wars abroad, and have a federal budget limited by our increasing national debt, it is imperative that we make sure each defense dollar is being spent wisely and well. For too long Washington has been wasting taxpayer dollars on equipment and weapon systems that are outdated and obsolete. We must ensure that our troops have the resources they need while improving and strengthening our national security. In this issue of the Murphy Report, I want to share with you what I've been doing to trim wasteful spending.
Some programs, like the Loran-C satellite system, have been deemed unnecessary for nearly thirty years. Last July, Senator John McCain said: "Here we are, 28 years later, trying to terminate a program that literally every agency of government is trying to kill." I am proud to report that we terminated this program - saving hundreds of millions of taxpayer dollars - and the satellite officially went dark on February 8th.
Listed below are a handful of terminations we were able to accomplish in FY2010 which, in total, will save taxpayers over $10.2 billion:
* The termination of the Multiple Kill Vehicle. This will save over $4 billion from 2010 through 2015. The Multiple Kill Vehicle program requirements are uncertain and the program is already behind schedule and over budget.
* Terminating the F-22 Raptor program, saving taxpayers nearly $3.5 billion per year. In the past few months, our military leaders have made it very clear that the F-22 is a program they no longer want or need, and it hasn't flown a single mission over Iraq or Afghanistan.
* Replacement of the Transformational Satellite with more Advanced Extremely High Frequency (AEHF) satellites. This switch is estimated to save approximately $1.5 to $2.5 billion through 2015.
Please know that during this tough recession, as families across the country are scaling back their budgets, I am taking a hard look at where our money goes in the federal budget. These savings are a good start, but more needs to be done. As I continue my work, I never forget that I need to be a prudent steward of taxpayer dollars.