House Moves to Hold Line on Spending

The U.S. House Budget Committee is leading the effort to get Washington spending under control. Yesterday, Committee Members led by Chairman Jim Nussle approved the budget for the next fiscal year.

While the Committee proposes federal spending in 2005 at a staggering $2.3 trillion level, this budget resolution is actually much better than the Senate’s effort.

If adopted, the House budget resolution plan will “cut the deficit in half in four years; target waste, fraud and abuse in mandatory spending and hold the line on non-defense, non-homeland security discretionary spending.”

Chairman Nussle told the media:

“There are three ways to balance the budget. One, raise taxes; two, grow the economy; or three, control spending. While some have argued for raising taxes, I believe that is completely the wrong approach.”

“The right thing to do is to get and keep the economy growing, and control spending.”

CSE agrees wholeheartedly, and wishes Congress would go much, much further by eliminating failing programs and providing permanent tax relief. However, we commend Chairman Nussle for his leadership, and CSE will work hard to help him force Congress to hold the line on spending.