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Issa on 80 Billion in Spending Cuts Found by the Oversight Committee


Location: Washington, DC

House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., spoke during debate on H.R. 6684, the Spending Reduction Act of 2012. Reforms in the bill originating with the Oversight and Government Reform Committee would save taxpayers $80 billion over 10 years according to the non-partisan Congressional Budget Office (CBO). Issa expressed regret that Democrats were steadfastly unwilling to support needed spending cuts as part of an effort to avoid the fiscal cliff.

"This is the most humble and minimal proposal I could imagine," Issa said. "We're not getting close to a balanced budget with this. We're simply making a down payment on it."

"My Committee marked up one of the largest portions of these improvements," Issa continued. "Which aligns the federal workforce's compensation- including Members of Congress and their staff- a little closer to the rest of the workforce- a little closer to the rest of hardworking Americans."

"And yet we can't get a single Democratic vote," Issa lamented. "I say to the Democrats, quite frankly, shame on you for not being able to make a down payment on a $10 trillion shortfall."

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