This bill takes fiscally responsible steps to reduce the deficit, reduce spending that is on autopilot, and strengthen our economy, ... It is the first deficit reduction package in almost a decade, and probably the most important legislation to be considered this year.
The driving force behind this effort is the federal deficit and the out-of-control spending that is pushing it increasingly higher. This bill takes fiscally responsible steps to reduce the deficit, reduce spending that is on autopilot and strengthen our economy,