Exceprt from the blog of Rep. John Boehner (R-Ohio)
Posted by Press Office on April 12, 2011
This week, Congress is moving toward approval of an agreement on the largest non-defense spending cut in history to help begin to create a better environment for private-sector job growth. The agreement is far from perfect, and we need to do much more if we’re serious about creating new jobs, fixing our spending-driven debt crisis, and ending the uncertainty that continues to plague our economy. But it is a positive first step, and a credible down payment as Republicans turn the fight from saving billions of dollars into saving trillions of dollars as part of the GOP budget outlined by House Budget Committee Chairman Paul Ryan, R-Wis., aptly titled “
The Path to Prosperity.” The votes on both the spending cut agreement and Ryan’s budget will take place later this week. Here is a quick summary of the spending cut agreement:
… Requires Mandatory Audits of the New Job-Crushing Bureaucracy Set Up Under Dodd-Frank. The agreement subjects the so-called Consumer Financial Protection Bureau (CFPB) created by the job-destroying Dodd-Frank law to yearly audits by both the private sector and the Government Accountability Office (GAO) to monitor its impact on the economy, including its impact on jobs, by examining whether sound cost-benefit analyses are being used with rulemakings. Two audits and a separate study are required within 180 days and annually thereafter, providing new accountability. The first audit requires an independent review of the CFPB’s operations and budget. The second audit requires the GAO to review the CFPB’s financial statements. The annual study requires GAO to report on the economic impact of the activities of the CFPB and other financial regulators. This review includes an assessment of how the CFPB’s activities are impacting safety and soundness of financial entities; cost and availability of credit; and savings for consumers, reductions in paperwork, and changes in bankruptcy filings. The study also requires examination of the costs of complying with rules, whether agencies are using sound cost-benefit analyses, and what efforts are being taken to avoid duplicative or conflicting rule-makings, information requests, and examinations. continues to decline, the number of abortions provided by Planned Parenthood continues to climb. According to Planned Parenthood’s March 2011 year-end report for its 2009 fiscal year, Planned Parenthood served three million clients, of whom 332,278 received abortions contrasted with only 977 adoption referrals and 7,021 prenatal care clients. Since 1977 (the first year for which data is available), Planned Parenthood has conducted 5,493,960 abortions. Finally, new evidence has shown that Planned Parenthood employees are also willing to cover up sex trafficking.
