Statement on Senate Passage of Legislation To Reduce Entitlement Spending

The Senate vote to reduce entitlement spending is a victory for taxpayers, fiscal restraint, and responsible budgeting, and it will help keep us on track to cut the deficit in half by 2009. I applaud the Republicans in the House and Senate who supported the legislation. This will be the first time in nearly a decade that Congress has reduced entitlement spending. This strong bill demonstrates our commitment to funding our Nation's priorities and ensuring that taxpayer money is spent wisely.