Statement on House Passage of Budget Control Act

Statement

Congressman Eric Cantor (VA-07) tonight issued the following statement regarding passage of the Budget Control Act of 2011:

"Tonight the House prevented default and boosted economic certainty by ensuring America pays its bills while we start getting our fiscal house in order. This measure is not perfect or the way we would have done it if we were in charge, but it will finally begin to change the way Washington spends taxpayer dollars. As is the case with any major change, these things will take time and this is the first significant move - of many to come - to turn Washington around.

"For too many decades, both parties in this town have spent money that we just don't have. By sending 87 new Republicans to the Congress this year, the American people sent a message and have begun to change the direction of this country by stopping the spending and starting the saving. And this measure that cuts spending and puts in place long-term fiscal reforms marks the first big change we have accomplished.

"The big win in this measure is that despite the insistence of the President and his party, there are no tax hikes. With so many people out of work, with the middle class hoping for more jobs, the last thing we need right now are tax hikes. I applaud the Speaker for his efforts and look forward to the Senate passing this measure tomorrow so the President can sign it and we can move our focus back to growing this economy and getting people back to work."

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