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Ms. MALLIOTAKIS. Mr. Speaker, the Rolling Stones said, ``You can't always get what you want . . . you get what you need,'' and we need to avert a default that would stop checks to our seniors, benefits for our veterans, hurt the U.S. dollar, and Americans' retirement savings. We also need to change the fiscal trajectory of our Nation.
This bill does both by reducing inflationary spending for the first time in over a decade with the largest savings in history, imposing spending caps, and adding checks and balances on the executive branch.
We started from a place where the President and the Senate refused to negotiate, and we ended with conservative wins that include stopping Biden's plan to hire additional IRS agents this year, clawing back unused COVID funds, expanding work requirements to reduce dependency on public benefits, and cutting costly red tape that slows down critical infrastructure projects.
While no deal is perfect, this is only the beginning, and we cannot allow perfect to be the enemy of the good. Republicans, under the leadership of Speaker McCarthy, have restored balance to government. We put an end to the Democrats' massive inflationary spending sprees, and we will continue to fight for the American taxpayers as we proceed in this process to stop reckless policies that fuel inflation.
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