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Tuesday, July 19, 2011

“Cut, Cap & Balance” Goes to House Vote Today

“House Republicans are prepared for a Tuesday vote on their signature debt-reduction plan that calls for a balanced-budget constitutional amendment, despite Democratic opposition and a White House veto threat…. The House Republicans’ ‘cut, cap and balance’ plan would raise the debt ceiling $2.4 trillion, but only after significant and immediate spending cuts and the adoption by Congress of a constitutional amendment requiring a balanced federal budget.” (Washington Times)

Can they write an amendment without loopholes?

FEE Timely Classic
“A Balanced Budget Amendment” by Hans F. Sennholz