Washington – House Budget Committee Chairman Paul Ryan issued the following statement after H.R. 2560, the Cut, Cap and Balance Act of 2011 passed the House of Representatives.
“The House of Representatives continues to advance serious solutions to get our budget on the path to balance and our economy on the path to prosperity. The Cut, Cap and Balance legislation passed today cuts $5.8 trillion in spending over the next decade, locks in those savings with enforceable caps on spending, and forces Washington to finally live within its means with a Balanced Budget Amendment.
“The coming debt crisis is the single most predictable economic disaster in the history of this nation. Unfortunately, the White House refuses to put forth a credible plan to solve our spending problem, and Senate Democrats have not passed a budget in over 800 days. I remain hopeful that responsible leaders will work with us to advance specific solutions that uphold our solemn commitment to leave the next generation with a stronger, more prosperous nation than the one we inherited.”