July 7th, 2011
07:31 AM ET
11 years ago
Debt ceiling: Cut, cap and balance ... or else
NEW YORK (CNNMoney) - "Cut, cap and balance" is fast becoming the catchphrase of those who say they are serious about fiscal responsibility.
The proposal, made by a big group of House Republicans, would:
- cut federal spending in the next fiscal year by $380 billion;
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and raise taxes on million and billionares and get out of two wars...
cut federal spending in the next fiscal year by $380 billion
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Even this is a joke when we are spending another $1.4 TRILLION over this amount that will need to be borrowed and paid for by future generations. Pure theft and unethical. The ultimate taxation without representation. The Democrats are the new King George.