Rep. Scott Garrett (R-NJ), senior Member of the House Budget Committee and Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, issued the following statement about the automatic spending cuts, commonly referred to as the "sequester,' going into effect today:
"Though I'm not surprised, I'm nonetheless disappointed that it came down to this. I share the view of most Americans that we're facing a spending-driven debt crisis. We must end Washington's out-of-control spending habits. I have long said that the president's sequester is too blunt a policy tool, and there are more thoughtful approaches to cutting spending. This includes the two House bills that passed with my support, H.R. 5652 in May and H.R. 6684 in December. It's a shame that Senate Democrats and President Obama--to borrow the president's words--have refused to put middle class families ahead of political imperatives."