WASHINGTON – House Budget Committee Ranking Republican Paul Ryan (WI) issued the following statement today in response to OMB Director Peter Orszag’s call for government agencies to trim their budgets:
“I welcome any and all efforts that recognize the urgent need to get Washington’s fiscal house in order. Yet, like their elusive quest for jobs, this Congress and this Administration’s search for savings has produced plenty of rhetoric with abysmal results. While the Administration calls on executive agencies to trim their budgets starting in October 2011, Congress has made no attempt to even offer a budget for the upcoming fiscal year. It would be helpful if the President’s Budget Director called upon Congress to produce a budget.
“This proposal assumes that government bureaucrats are incapable of serving as good stewards of taxpayers’ hard-earned money. To ‘provide incentives’ for executive agencies, half of any savings found would be funneled back to the agency for unspecified new spending projects. I am hopeful that we can start the process of attacking spending by trimming agency budgets by 5%, as OMB Director Orszag encouraged. But to put that number in perspective, spending on government agencies sky-rocketed by 84% since the President took office – failing to create the jobs promised while plunging our nation deeper into debt.
“The Federal budget deficit stands at $1.5 trillion and total debt recently eclipsed $13,000,000,000,000. To avoid a Greek tragedy here at home, we need to chart a new course and do more to cut spending now.”