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House Votes 234-190 to Pass 'Cap, Cut and Balance'

Faster horses

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WASHINGTON (AP) — The House has passed legislation conditioning a $2.4 trillion increase in the nation's borrowing cap on a tea party-backed plan to require immediate spending cuts and a constitutional amendment requiring a balanced budget.

The 234-190 vote sends the "cut, cap and balance" plan to the Democratic-controlled Senate, where it has virtually no chance of passing.

With the House tally cast, attention is returning to efforts in the Senate to provide President Barack Obama authority to impose an increase in the debt limit without approval by Congress and on a new Senate "Gang of Six" proposal to cut the deficit by almost $4 trillion over the coming decade.

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hypocritexposer

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You have to remember, Dems. are famous for raising a budget to an unmanageable amount, only to cut it back, to an amount that is still greatly expanded from the original, which they are trying to do in this instance.


Bush's deficits averaged about $400 Billion.

obama's deficits are about $1.5 Trillion.


So if he comes up with an agreement to cut them back by $4 Trillion over 10 years, or $400 Billion/ year, the deficit will still be double Bushes......
 

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