House Budget Committee Chairman Paul Ryan issued the following statement after the Budget Control Act of 2011 passed the House of Representatives:
“The Budget Control Act represents a victory for those committed to controlling government spending and growing our economy. I applaud Speaker Boehner’s leadership in stopping tax increases on job creators, rejecting President Obama’s demands for a blank check to keep borrowing, and advancing real spending cuts and controls. The agreement – while far from perfect – underscores the extent to which the new House majority has successfully changed Washington’s culture of spending. No longer can Washington endlessly spend money it does not have.
“While the immediate debt ceiling issue has been responsibly resolved, a spending-driven debt crisis remains a threat. To lift this crushing burden of debt and help spur job creation, policymakers must advance serious structural reforms to the largest driver of our debt: government spending on health care, including the President’s costly, partisan health-care overhaul.
“The Budget Control Act marks a positive step forward in getting government spending control, but much hard work remains.”