House Republican Policy Committee Chairman Tom Price, M.D. (R-GA) issued the following statement on the reconciliation process in the House Budget Committee to reprioritize the savings of the sequester in the Budget Control Act.
"Eliminating the threat of our massive national debt is a top priority of Republicans in the House of Representatives. It is essential, however, that we do this in a responsible manner while not threatening our national security," said Chairman Price. "This is why the House Budget Committee has worked with six other committees in the House of Representatives to identify a path forward. There are prudent measures that can be taken to eliminate wasteful spending and reduce the scope of Washington. It makes no sense to try and eliminate the national security threat of our nation's debt through cuts that would undermine our military and its strategic capabilities. There is bipartisan agreement that we find a path forward, and House Republicans are offering a sensible plan."
According to the House Armed Services Committee, under the current sequestration law, the cuts to the nation's defense capabilities would result in:
The smallest ground force since 1940.
The smallest fleet of ships since 1915.
The smallest tactical fighter force in the history of the Air Force.