Saturday, July 30, 2011

Fiscal Sanity: 'Cut, Cap And Balance'


Since the economic collapse, American families and businesses have taken three simple yet painful steps: Cut the amount of debt they owe, cap future spending and balance their budgets.
Why can’t Washington do the same?
The House already has, last week, by a bipartisan vote. “Cut, Cap and Balance” gives President Barack Obama the $2.7 trillion increase in the debt ceiling he seeks; requires the deficit be cut in half from last year; includes 10 years worth of enforceable spending cuts that will keep the budget in balance, and requires a Balanced Budget Amendment be sent to the states.
Cut, Cap and Balance does not touch Medicare. It does not touch Social Security. What it touches is a nerve in a president who has spent . . . .

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