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.
Nine Republicans voted no on the plan, including Rep. Michele Bachmann (R-MN). Five Democrats sided with Republicans.
House Republicans insisted on their own approach — despite Obama’s veto threat and widespread predictions the measure approved Tuesday night would die in the Senate.
“Our bloated and obese federal budget needs a healthy and balanced diet, one that trims the fat of overspending and grows the muscle of our nation’s economy,” said Rep. Reid Ribble of Wisconsin, one of the 87 first-term House Republicans determined to reduce the size of government.
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