Washington – Following the House Budget Committee’s successful passage of the Sequester Replacement Reconciliation Act and the Sequester Replacement Act, House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement:
“Both parties agree that the across-the-board sequester set to take effect this coming January is bad policy, would devastate our military, and should be replaced with more sensible savings. But only one party has put forward a specific proposal to do just that. Today, I am proud to join my colleagues on the House Budget Committee in advancing legislation to replace the arbitrary sequester cuts with reductions in lower-priority spending while laying the groundwork for further efforts to avert the spending-driven economic crisis before us. Over the next decade, the reforms advanced today achieve over 400 percent of the first-year sequester savings – replacing temporary, arbitrary cuts with lasting, permanent reforms.
“Unless we act, the sequester will take effect, and a 10 percent across-the-board cut in defense spending would ‘hollow out’ our national defense, according to Defense Secretary Panetta. I do not believe this is in the national interest, and the President claims that he agrees. Our military families and hardworking taxpayers deserve a responsible replacement of the looming sequester, and this legislation does so by making common-sense spending reductions. House Republicans are bringing specific proposals to the table with reforms to focus spending on important priorities while cutting indefensible government waste and duplication. It is time for the President and his party’s leaders in the U.S. Senate to do the same.”