House Budget Chairman Paul Ryan (R-Wis.) has backed off that $100 billion figure and revised it downward to about $60 billion for fiscal 2011, arguing that the continuing resolution funding the government that expires March 4 will take away five months of spending-cut opportunities. The fiscal year began Oct. 1.
"Saving $100 billion this year is important not only because we made a promise. It is also the right thing to do," said RSC Chairman Jim Jordan (R-Ohio). "Now is the time to show our resolve and begin to cut spending immediately."
Garrett said voters want an end to the spending and that they elected Republicans to reduce the deficit.
"They want us to put an end to the spending binge in Washington, DC and return to an era of fiscal responsibility," Garrett said. "These cuts represent the first step, not the last, toward addressing the looming debt crisis facing our country."