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Ryan & Hensarling: “Cut Spending Now”

Ryan and Hensarling lead effort to cut government spending, spur job creation

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Washington, May 25, 2010 | Conor Sweeney (202-226-7270) | comments

Washington – House Budget Committee Republicans, led by Ranking Member Paul Ryan (WI) and Vice Ranking Member Jeb Hensarling (TX), today unveiled a series of specific spending cuts to help spur job creation and get Washington’s fiscal house in order.  With a record $1.5 trillion budget deficit, House Democrats intend to break for the Memorial Day Recess by adding hundreds of billions of dollars more to the deficit with no attempt to budget for the upcoming fiscal year.

After introducing the “Cut Spending Now” package of specific cuts that would save taxpayers $1.3 trillion, Ranking Member Ryan issued the following statement:

“House Republicans’ continued effort to rein in runaway spending stands in stark contrast to the fiscal recklessness of this Congress and this Administration.  The Majority’s unprecedented failure to budget provides no priorities for Americans’ hard-earned tax-dollars, exacerbates our looming debt crisis, and undermines the need for job creation and economic growth.  To combat the explosion in Federal spending, Republicans have identified over $1.3 trillion in spending we can cut now.”

Vice Ranking Member Hensarling added the following statement:

“At a time when private sector employment is stagnant, so many of us are frustrated that we are living in an America that looks much different than the America that promised unlimited opportunity as a birthright.  The Obama Administration and Congressional Democrats have put us on an unsustainable path of too much spending, too much taxation, ballooning the federal budget and government hiring, resulting in record deficits and debt. This is the same path Greece once took. Despite repeated calls from the American people for fiscal responsibility, House Democrats will not even attempt to pass a budget. House Republicans are standing on principle and offering the ‘Cut Spending Now’ package, which could save American taxpayers $1.3 trillion.”   

To learn more about the Congressional Democrats’ unprecedented budget failure, and specific spending reduction proposals from House Budget Republicans: Cut Spending Now

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