Mike Pence: “After years of runaway Federal spending by both political parties, last year House Republicans took the pledge. We said…”

“After years of runaway Federal spending by both political parties, last year House Republicans took the pledge. We said to the American people, give us another chance to lead this Congress, and the first thing we'll do is we'll reduce domestic spending to pre-bail out, pre-stimulus levels, saving the American people at least $100 billion. And today, simply put, this new majority will keep our word with the American people. And in Washington, D.C., that's saying a lot. Now we'll consider H.R. 1, which will save at least $100 billion in this fiscal year. It is, in fact, the single largest rescission package in the history of this Congress. With a $14 trillion national debt and a $1.5 trillion deficit this year, cutting $100 billion will not solve our fiscal crisis, but it's a good start, and it's a promise kept. And here in Washington, D.C., that's really saying something. Now, to save our Nation from an avalanche of debt facing future generations, we must just do a couple of basic things.”