“The House Rules package, and specifically the new restraints on Congress’ ability to spend, reflects the House Republican commitment to bring fiscal sanity to Washington and hold the Congress accountable for the spending decisions it makes with the dollars American taxpayers earn. This package of responsible policies will impose real limits on spending, particularly mandatory spending, that is driving the nation’s debt crisis. New requirements on inflationary analysis of legislation will give Congress better insight into the consequences of its spending habits – including the spike in prices brought on by reckless spending and policies that kept American workers on the sidelines over the past two years. It will also for the first time ever require lawmakers to take into account the long-term impact of their policy decisions to the federal budget, beyond just the traditional 10-year budget window. Under these rules, from day one, House Republicans will work to turn the page on the fiscal and economic ruin of the past two years of one-party Democrat rule and chart a path for a stronger economy, greater financial security for American families, and a Congress that is responsible and accountable to American taxpayers.”
- House Budget Committee Republican Leader Smith | | |