Tuesday, July 19, 2011

GOP's Cut, Cap & Balance Passes House Tonight

Just hold firm against any phony "gang of six" compromises (AP).
Defying a veto threat, the Republican-controlled House passed legislation Tuesday night to slice federal spending by $6 trillion and require a constitutional balanced budget amendment to be sent to the states in exchange for averting a threatened government default.

The 234-190 vote marked the power of deeply conservative first-term Republicans, and stood in contrast to stirrings at the White House and in the Senate on a renewed effort at bipartisanship to solve the looming debt crisis.

Now that's a real plan, not one being proposed by the Senate that just kicks the can down the road.

Americans for Prosperty issued the following statement via e-mail:
"The House of Representatives has done its job. It has passed a debt ceiling increase that meets the short, medium and long term goals set out by financial institutions like Standard & Poor's to insure our nation's solvency and our Triple-A credit rating.

"Now, it is up to Harry Reid to start acting like an adult and put petty politics aside by passing the House bill through the Senate. 'Cut, Cap, and Balance' will save about $5.8 trillion over the next decade. Any plan from the Senate should save at least that much. Failure to act on the only responsible approach that has been proposed to solve our nation's debt crisis would be catastrophic to our nation's economic future."

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