House Approves 'Cut, Cap and Balance' Plan

[mandym]

Published July 19, 2011

| FoxNews.com

The House of Representatives has approved the GOP's 'Cut, Cap and Balance' plan with a vote of 234 to 190.

The bill imposes caps on federal spending as a percentage of GDP. It also allows for an increase in the debt ceiling by $2.4 trillion in exchange for both the Senate and House approving a balanced budget amendment.

Read more: http://www.foxnews.com/politics/2011/07/19/house-approves-cut-cap-and-balance-plan/#ixzz1SeNNCEaP

 

[carpro]

Democrats, and a few republicans, will never, ever vote for a balanced budget amendment. They are addicted to spending more than they take in.

It's hard to buy votes when there are budgetary restraints.

 

[mandym]

Democrats, and a few republicans, will never, ever vote for a balanced budget amendment. They are addicted to spending more than they take in.

It's hard to buy votes when there are budgetary restraints.

Let them vote it down and then have to explain it.

 

[billwald]

Limiting the national debt as a percentage of the GDP is a interesting idea. How might it be handled when the GDP falls?