July 19, 2011

YES! Thank you and now on to the Senate

From Google/Associated Press:
'Cut cap and balance' debt measure passes House
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.
This bill actually has some teeth in it as opposed to the Gang of Six plan which just kicks the can down the road a few administrations. Getting a balanced budget amendment would be a milestone to getting this nation back on course and getting the economy revving again. Going to spend some time tomorrow to see how our (WA State) Democrat House members voted and make a few phone calls... Posted by DaveH at July 19, 2011 9:26 PM
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