Badmutha
Banned
- Joined
- Jan 27, 2011
- Messages
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Obama officially threatens to veto 'Cut, Cap and Balance' - TheHill.com
Obama officially threatens to veto 'Cut, Cap and Balance'
he White House on Monday warned President Obama will veto GOP legislation to “Cut, Cap and Balance” spending and the budget.
In a statement of administration policy, the White House Office of Management and Budget labeled the GOP bill as an “empty political statement.”
The House Rules Committee is expected to take up the measure on Monday, and it is likely to receive a floor vote on Tuesday. The measure would cut spending in Fiscal Year 2012 by $111 billion, cap future spending at 18 percent of gross domestic product and approve a balanced budget amendment to the Constitution. It would also raise the debt limit
In its place, Obama and Democrats propose "Spend, No-Limit, Deficits"....or their other plan of "Tax, Tax, Tax, Tax".....and while Democrats will support some Spending cuts....its only if they are offset with Spending increases.......
........this is how liberals balance budgets....why every Democrat state and city is Bankrupt....and why every liberal utopia around the world is Bankrupt and approaching collapse.... Liberalism leads to Bankruptcy every time its tried.
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