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You are here: Home / Politics / Miscellaneous / ‘Cut, Cap and Balance’ Plan Passed by House

‘Cut, Cap and Balance’ Plan Passed by House

July 19, 2011 by Daniel

FoxNews

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.

More commentary here:

  • HotAir
  • Gateway Pundit
  • CNN

Filed Under: Miscellaneous

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