GOP ushers in age of austerity in House 

The Republican pledge to cut spending will start in their own offices.

The House GOP will vote Thursday on a resolution to trim their expenses by 5 percent. The money will come from reducing salaries, and operating budgets for committee and member offices, including the leadership.

The move doesn't save much money — $35.2 million, a tiny fraction of the nation's $1.3 trillion deficit. But the move aims to "demonstrate our commitment to ending the culture of spending here in Washington," Rep. Greg Walden, R-Oregon, said.

Walden is the head of the House GOP transition office. He said the reduction will amount to cutting $26.1 million from member offices, $8 million from more than a dozen committees and $1 million from leadership offices.

Incoming House Majority Leader Eric Cantor, R-Va., had this to say:

"For too long, families and small businesses across America tightened their belts while the federal government continued its spending spree. That federal spending spree will stop with the new Republican majority. "

Cantor then said he hopes other federal agencies will follow suit and trim their own budgets as well.

"If not," he said, "We're happy to do it for them."

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