FOR IMMEDIATE RELEASE Isakson Praises Passage of Bill to Cut Federal Spending WASHINGTON – U.S. Senator Johnny Isakson (R-Ga.) today praised Senate passage of legislation that will save the federal government $39.7 billion over five years. “Balancing the federal budget is an obligation that those of us in Washington owe to future generations of Americans, and this legislation is a first step in the right direction” said Isakson. “Congress must become better stewards of the taxpayers’ money.” The Deficit Reduction Omnibus Reconciliation Act of 2005 will reduce mandatory spending, which accounts for 56 percent of all federal spending. Left unchecked, that number would grow to more than 62 percent of all federal spending in 10 years. The Senate made several technical changes to the bill so it now must go back to the House of Representatives for final approval. “Although I’m pleased with the Senate’s efforts today to reduce mandatory spending, I still believe we need fundamental reform of the budgeting process,” Isakson said. “I will continue to work for spending restraint and fiscal responsibility.” Isakson said he is committed to trying to pass legislation to curb federal spending and to demand more accountability from programs that receive federal dollars. To that end, Isakson has co-sponsored several pieces of legislation:
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E-mail: http://isakson.senate.gov/contact.cfm
Washington: United States Senate, 120 Russell Senate Office Building, Washington, DC 20510 Tel: (202) 224-3643 Fax: (202) 228-0724 Atlanta: One Overton Park, 3625 Cumberland Blvd, Suite 970, Atlanta, GA 30339 Tel: (770) 661-0999 Fax: (770) 661-0768 |