Barrett Introduces Legislation to Slow growth in government,reduce the deficit
For Immediate Release
December 14, 2005
Contact: Colleen K. Mangone, Communications Director
202-225-5301
Barrett Introduces Legislation to
Slow the Growth in Government, Reduce the Deficit
Washington, DC – Today, Congressman Gresham Barrett (SC, 3) introduced the Government Waste Reduction Act of 2005, which would slow the growth of government by five percent and reduce the deficit by an estimated $510 billion over five years.
“My constituents did not send me to Congress to create debt and pass it on to their children and grandchildren,” said Barrett, a member of the House Budget Committee. “There is no doubt that we are living through challenging times – we are a nation at war and we witnessed great devastation as a result of the worst hurricane season in our history this summer – but we have to get control over federal spending. It is common sense – set priorities, set the budget and fund programs accordingly.”
The Government Waste Reduction Act of 2005 would cap all discretionary spending for Fiscal Year 2007 (FY07) at $826.79 billion, which is a five percent reduction of the projected level for FY06. Any future growth in discretionary funding for FY08-11 would be limited to no more than the rate of inflation. Additionally, this bill would reduce the baseline for mandatory spending (excluding Social Security) by $44.5 billion for FY07. As with the Common Sense Spending Act of 2005, which Congressman Barrett introduced earlier this year, the Government Waste Reduction Act of 2005 would strengthen the definition of what constitutes ‘emergency spending’ as well as reauthorize PAYGO for mandatory spending programs.
“When it is time to tighten up the purse strings the federal government should be at the front of the line. If I can give back five percent of my office budget then I am certain the entire federal government can find five percent of wasteful spending that can be eliminated.”
December 14, 2005
Contact: Colleen K. Mangone, Communications Director
202-225-5301
Barrett Introduces Legislation to
Slow the Growth in Government, Reduce the Deficit
Washington, DC – Today, Congressman Gresham Barrett (SC, 3) introduced the Government Waste Reduction Act of 2005, which would slow the growth of government by five percent and reduce the deficit by an estimated $510 billion over five years.
“My constituents did not send me to Congress to create debt and pass it on to their children and grandchildren,” said Barrett, a member of the House Budget Committee. “There is no doubt that we are living through challenging times – we are a nation at war and we witnessed great devastation as a result of the worst hurricane season in our history this summer – but we have to get control over federal spending. It is common sense – set priorities, set the budget and fund programs accordingly.”
The Government Waste Reduction Act of 2005 would cap all discretionary spending for Fiscal Year 2007 (FY07) at $826.79 billion, which is a five percent reduction of the projected level for FY06. Any future growth in discretionary funding for FY08-11 would be limited to no more than the rate of inflation. Additionally, this bill would reduce the baseline for mandatory spending (excluding Social Security) by $44.5 billion for FY07. As with the Common Sense Spending Act of 2005, which Congressman Barrett introduced earlier this year, the Government Waste Reduction Act of 2005 would strengthen the definition of what constitutes ‘emergency spending’ as well as reauthorize PAYGO for mandatory spending programs.
“When it is time to tighten up the purse strings the federal government should be at the front of the line. If I can give back five percent of my office budget then I am certain the entire federal government can find five percent of wasteful spending that can be eliminated.”
posted by SCGOP at 4:46 PM
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