WASHINGTON (CNN) - The U.S. House on Tuesday night passed the "cut, cap and balance" deficit reduction plan backed by tea party conservatives but dismissed by President Barack Obama, who offered strong praise for another proposal put together by a bipartisan group of senators.
The so-called Gang of Six plan - drafted by three Democratic and three Republican senators - presents a possible compromise to Obama and congressional leaders as they approach a deadline for a deal on cutting federal deficits in order to gain Republican support for raising the federal debt ceiling to avoid an unprecedented default.
Cut, Cap, Balance is kinda like forcing a family to take in more and more children to raise (pop. growth of US), and insistng that they get no income increases EVER, and have to manage by cutting utilities, food, clothing, housing, etc.
NO INCOME INCREASES EVER, YET ALL THE OTHER RULES APPLY. How is that rational?
Will Crossroads GPS be allowed to have its cameras there on the House floor or do they have to buy the footage from C-SPAN?
Because voting on a dead bill is more important than creating one that will pass...
The will of the people says that a balanced approach (revenues + expense reduction) with the key word being compromise. This grandstanding folly is just another data point that the GOP is not about the people, but rather corporations. Grover needs to put on his big boy pants and run for office instead of collecting pledges on pieces of toilet paper.
""the president said he wanted a balanced plan (and) that's what this is - a balanced plan.""
Good example of CNN propping up the GOP again. Boehner followed that with an explanation that by "balanced" he means that "Obama gets his debt ceiling increase" and the GOP gets all their cuts. Right. Balanced. Because, you know, the debt ceiling increase, which is necessary to pay for past congressional appropriations made by the GOP moreso than past congressional appropriations made by the Dems (given the split between the two since 2000), is somehow "Obama's debt ceiling increase." Of course, why would you ruin a perfectly good controversy by accurately providing facts and explanation showing why the GOP's nonsense is illegitimate crap? Whatever would you talk about for a whole 24 news cycle if you went around debunking nonsense instead of propping it up?
another idiot idea from the monkey section so they can show the far right wing they are trying to do something – even though it means that many programs their base likes will be dismantled. Too bad the tea party doesn't have the gumption to get up to date on the facts before they throw their support somewhere.
More political theater from the GOP? Instead of working towards an acceptable plan which may include compromises, they insist on harming our nation and playing games while we pay their congressional salaries? I question the motives and loyalty of those who align themselves against America's economic recovery, because they hate the President of the United States.
Tapdancing in clown shoes.
I find this bill very reasonable.
Cut, Cap, Balance will instantly send the economy back into recession. The debt ceiling should be raised with no strings attached.
The provisions that require 2/3 vote of each chamber of Congress is grossly unconstitutional. I say let them play their games with themselves. America is paying more attention to what Republicans are not doing.
The GOP has become sooooooooo extemist, they WILL cause the US to default. They have lost all common sense.
Get Obama Party dictionary:
"Balanced" – When one segment of society is screwed, another segment of society must be propped up. For example, the wholesale destruction of Medicare, SS, Medicaid and the rest of the societal safety net must be "balanced" by protecting the extremely wealthy and corporations from ever having to pay more taxes than they pay right now no matter what the needs of the country are.
The unlubed sodomization of the middle-class continues unabated.
Frank – Ohio
I find this bill very reasonable.
Draconian cuts will cause another recession. Sustained draconian cuts will cause an economic depression.
The ideas are reasonable sounding. It is just that implementing them right now in full is most unwise.
"cut, cap and balance" perfectly symbolizes the Republican Party- A wholy symbolic thing designed to enhance the rich and hurt the middle class.
You these guys are just playing games -unfortunately it may be Monopoly!
Republicans plan to dismantle Social Security. Make no mistake about it. They don't care if corporations don't offer pension plans or if they raid the pension plans, leaving retirees with ten cents on the dollar. They don't care about senior citizens. They believe that seniors should have planned better, worked at a company that offered more and won't ever go bankrupt or raid the pension plan. Their advice for those seniors who failed to earn enough to save bundles of money for retirement: tough buns! Although seniors have paid for their benefits for decades, Republicans don't care. They want to dismantle the program and I haven't heard even one of the suggest a refund of the contributions. They are not willing to remove or even raise the cap for the wealthiest Americans.
Make no mistake: Republicans plan to dismantle Social Security and Medicare, keeping the funds that seniors contributed. Anyone younger than 55 will have to scramble to save enough money for their retirement.
Raise the working age to 70? 75? Sure, except company don't want to keep seniors older than 65. Republicans have a plan for that. It's called: NOT MY PROBLEM!
"Cut, Cap, Balance is kinda like forcing a family to take in more and more children to raise (pop. growth of US), and insistng that they get no income increases EVER, and have to manage by cutting utilities, food, clothing, housing, etc."
No, not really. It's more like having to drive to work paying double what you had to pay for gas 2 years ago. You still have to go to work, so you make cuts elsewhere.
Why are voters allowing House Republicans to waste time voting on meaningless, symbolic, partisan, bills like this during a PENDING NATIONAL EMERGENCY?
If they keep screwing around the capital markets will react and history has shown us that we don`t know when financial markets fall off a cliff.
Maybe we should give everyone back all of their FICA contributions [with interest] and end Social Security. That will cut a whole bunch of spending. It will also remove a pool of liquidity that the government has been using to fund its markers.
Maybe the impact of that would get the attention of these Tea Party idiots, I doubt it though.
Don't know why some people have problems with closing tax loopholes for the well to do and raising their taxes.I feel if myself and my family have to struggle with this economy then why shouldn't they.besides they will only struggle on whether or not to get a new yacht or house,I have to prioritize my bills with not much left over.Leave the lights on or eat.The sacrifices wont be so life altering for the money set.
The Teapublicans have been power since the Midterm, where is the plan for housing and jobs? We have bailed out the banks, no jobs or housing. The ones sleeping in their congessional offices, because they can't afford to rent an apartment should be crying the loudest. Its the economy stupid. The states have spent the stimulus money. Now you want cut Seniors income and benefits. How about a bailout for the poor, working, and middle class. We want affordable housing and jobs.
Frank in Ohio, have you actually READ the bill or only latched onto its "bumpersticker-speak" name?
For example, on what basis do you find it to be consistent with American principles in the Constitution that future expenditure reductions are passable with 51% votes but future revenue increases would require 67%?
What about the previously ajudicated unconstitutionality of programmed or automatic spending cuts [The Gramham Ruddman Act], you just want to ignore that fact so that the GOP can showboat for the 20% of voters that are Tea Partiers?
take the time to read and understand the implications before you cheerlead. All of us need to understand recent legislative history so that when the GOP repackages elements of failed or invalidated Republican policy, we don`t waste valuable time, money or energy on it.
The only way out of a Recession is to encourage spending, which creates demand, which creates more production of goods and services, which requires more jobs, which puts more money in the hands of people who will purchase goods, which creates more demand, which creates growth.
But it all begins with spending. If no one spends, and we all hoard money, then business start to suffer, which causes job losses, which makes us spend less, which hurts even more businesses, which creates an economic downturn.
The country's survival depends on this passing. It is clear the Democrat's are ready, willing and able (except for the Republicans in the House stopping them) to spend, tax and borrow this country into BANKRUPTCY. As if $63 TRILLION in debt and unfunded liabilities ins't enough??!! They are prepared to run this up to $100? $200 TRILLION??? Any sane person knows this cannot be allowed to happen. The ONLY way to save this country is to remove Obama and Democrats from Congress in 2012. THAT is what will happen. 2010 was just a warmup.
"GOP leaders also have also accused the administration of employing the rhetoric of compromise while failing to offer any specifics on politically tough spending reductions."
Republican claims of not knowing the details of Demcoatics proposals is 100% thruth. It's hard to hear what is being offered when you get up and walk away from the proposals for revenue increases.
The Republicans in the House of Representatives are the only ones stepping up to fix this financial mess while looking out for the interests of every American taxpayer and the future Americans who inherit the pile of problems that we are getting ready to hand over to them.
Apparently Speaker Boehner is the only effective leader in Washington right now. He is getting things done for all of us outside of the political circus in D.C.