[Weekly Compilation of Presidential Documents Volume 42, Number 5 (Monday, February 6, 2006)] [Page 166] [Online from the Government Printing Office, www.gpo.gov] <R04> Statement on House of Representatives Passage of Spending-Reduction Legislation February 1, 2006 As I said last night, keeping America competitive requires us to be good stewards of taxpayer dollars. The House today passed a significant spending-reduction package that will curb the growth of entitlement spending for the first time in years and help us stay on track to cut the deficit in half by 2009. I look forward to signing this bill into law. The budget I propose next week will continue to build on the spending restraint we have achieved. Note: The statement referred to S. 1932.