Washington – House Budget Committee Ranking Member Paul Ryan (WI) issued the following statement following President Obama’s expedited rescission proposal:
“I am encouraged to learn of President Obama’s call for line item veto legislation along the lines of what passed the House in 2006 with bipartisan support. Earlier this year, I urged President Obama to support this important tool to target pork-barrel spending. Recently, Senators Russ Feingold, John McCain and I put forth a bicameral, bipartisan line item veto proposal to give the President a much-needed scalpel to cut future wasteful spending.
“While supportive of this common sense budget tool, it is no substitute for real fiscal discipline and does not excuse the glaring lack of a budget for the upcoming fiscal year. This expedited rescission authority would not apply to the trillions of dollars in entitlement spending driving our looming debt crisis, and will only produce savings to the extent the President is willing to use it. American families are making tough budgetary decisions; it is shameful their elected officials can't do the same. Congress must earn back the trust of those they serve and tackle our most pressing economic and fiscal challenges.”