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Thread: House to Vote on "Cut, Cap, and Balance" Bill

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    House to Vote on "Cut, Cap, and Balance" Bill

    House to Vote on "Cut, Cap, and Balance" Bill | C-SPAN

    The House of Representatives will debate and vote on the Republican proposal to raise the debt ceiling. The measure, called the "Cut, Cap and Balance Act," would raise the debt limit by $2.4 trillion but would be accompanied by mandatory spending cuts and a balanced budget amendment.

    The measure, authored by Representative Jason Chaffetz (R-UT), would require up to $2 trillion of cuts to discretionary spending over the next ten years. It would also cap spending at under 20% of gross domestic product in a decade (spending is currently more than 23% GDP). Finally, it would include an amendment to the Constitution to balance the budget.

    The White House put out a statement saying it "strongly opposes" the Republican measure and said the President would veto it. "Neither setting arbitrary spending levels nor amending the Constitution is necessary to restore fiscal responsibility," a statement by the Office of Management and Budget read.

    Realizing that the House bill is unlikely to pass the Senate, Senate leadership is drafting what is considered a “fall-back” or “last-ditch” option, which could become the leading option in coming days as the August 2nd deadline to lift the debt ceiling nears and negotiations with the President to reach a “grand bargain” are elusive.
    Just seems like a whole bunch of political theater to me. It's not gonna pass into legislation.

    But the bigger picture is that there exists a contingent within Congress that see it as their duty to fundamentally change the nature of fiscal policy in Washington. Just IMHO, the new Tea Party candidates may have over-read their "mandate" from the 2010 midterms, much as the Dems did with the healthcare law in 2009-2010.
    Last edited by StillBallin75; 07-19-11 at 11:27 AM.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
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    Re: House to Vote on "Cut, Cap, and Balance" Bill

    that the House is wasting it's time on a bill that they know will not pass the Senate speaks for itself. It is not doing the nation's business, but wasting time on political posturing.
    The ghost of Jack Kevorkian for President's Physician: 2016

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    Re: House to Vote on "Cut, Cap, and Balance" Bill

    Big ****ing Waste of our ****ing Time.

    That's what this is. It doesn't solve anything, gives political cover for the RINO's to say "See, we tried, now we have to compromise" and wouldn't SOLVE anything even IF Obama were stupid enough to sign it.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: House to Vote on "Cut, Cap, and Balance" Bill

    Quote Originally Posted by danarhea View Post
    that the House is wasting it's time on a bill that they know will not pass the Senate speaks for itself. It is not doing the nation's business, but wasting time on political posturing.
    As opposed to the Senate being serious and the White House being serious at this time.

    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: House to Vote on "Cut, Cap, and Balance" Bill

    Quote Originally Posted by MrVicchio View Post
    As opposed to the Senate being serious and the White House being serious at this time.

    please try to focus. this thread is about the house.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: House to Vote on "Cut, Cap, and Balance" Bill

    Quote Originally Posted by liblady View Post
    please try to focus. this thread is about the house.
    Hello.. I just pooped all over the House for wasting our time... what more do you want?
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: House to Vote on "Cut, Cap, and Balance" Bill

    I'm not sure why setting spending limits and a balanced budget amendment are bad things....Many states have balance budget amendments and seem to do relatively well paying for services w/o screwing the pooch to do so.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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    Re: House to Vote on "Cut, Cap, and Balance" Bill

    Quote Originally Posted by MrVicchio View Post
    Hello.. I just pooped all over the House for wasting our time... what more do you want?
    A few crucifixions, a complete signed statement saying Conservatism is devil spawned, and an agreement to support all progressive theater, talking points and political hackery for the rest of your life.


    Sign here in blood, thank you very much.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: House to Vote on "Cut, Cap, and Balance" Bill

    Quote Originally Posted by tessaesque View Post
    I'm not sure why setting spending limits and a balanced budget amendment are bad things....Many states have balance budget amendments and seem to do relatively well paying for services w/o screwing the pooch to do so.
    That's for a separate discussion. Suffice it to say that many people don't think our freedom of action should be constrained when it comes to the budget. I'm one of those people.

    Balanced Budget Amendment - Wikipedia, the free encyclopedia

    Many Keynesian economics and New Keynesian economics economists believe that, while a large federal deficit has an adverse effect on the economy, deficit spending has significant benefits in times of recession.[citation needed] In 2003, approximately 90% of the members of the American Economic Association - [22] - agreed with the statement, "If the federal budget is to be balanced, it should be done over the course of the business cycle, rather than yearly."[5]
    But the real problem I have isn't with the balanced-budget amendment itself. It's that this measure is a total waste of ****ing time. House Repubs know that they're just purely making a statement with this. It's not going to go anywhere because its too skewed to get any bipartisan support. I mean, maybe if this was their opening offer in a negotiation, and they plan on tweaking it a bit to get more support so that it might actually pass, then maybe it'll get somewhere. But as it stands right now this is a total waste of time.
    Last edited by StillBallin75; 07-19-11 at 12:53 PM.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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    Re: House to Vote on "Cut, Cap, and Balance" Bill

    Wow, how rare. Everyone seems to be able to agree that this is a huge waste of time. We should embrace this rare moment of unity.
    Quote Originally Posted by Bucky View Post
    The economy will improve under this bill. If a few people die, it will be for the betterament of this country.

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