Rep. Calvert Supports Deficit Reduction Act
WASHINGTON, DC - Early this morning, Rep. Calvert voted in favor of the of H.R. 4241, the Deficit Reduction Act of 2005, which is part of the budget reconciliation process demanded in the Fiscal Year 2006 Budget Act. The House passed H.R. 4241 by a vote of 217-215.
"Today's vote is an important victory for American taxpayers," said Rep. Calvert. "H.R. 4241 will help reduce the budget deficit and strengthen core social programs by shoring up their long-term finances. This bill makes common-sense reforms to reduce waste, fraud, and abuse. It is myth that program funding is being cut. If H.R. 4241 becomes law, mandatory spending will continue to grow at 5.6%, rather than the estimated 5.7%. There is a fundamental difference between program cuts and slowing the rate of a program's growth.
"I have been struck by the hypocritical rhetoric being used by some of my colleagues who deride the budget deficit yet oppose every effort to rein in spending," continued Rep. Calvert. "Every time someone claims to support reducing the deficit, you should look no further than today's vote."
This is the first time in almost a decade - since 1997 - that Congress used the reconciliation process to reduce the deficit through reforms in the mandatory spending programs.