Tea Party Debt Plan To Reach House Floor Tuesday

Posted by | July 17, 2011 20:45 | Filed under: Top Stories

Let’s let the American people decide,” urges Congressman Jim Jordan of Ohio.

A Republican “cut, cap and balance” plan set for a House vote Tuesday would condition a $2.4 trillion increase in the so-called debt limit on an immediate $100 billion-plus cut from next year’s budget and adoption by Congress of a constitutional amendment to require a balanced budget.

The chances? None.

The cut, cap and balance plan, however, is a dead letter with Obama and in the Democratic-controlled Senate – as is a separate effort by Republicans in that chamber to adopt a balanced budget amendment. Amending the Constitution requires a 2/3rds vote of both Houses, including 67 votes in the Senate, where Republicans control just 47.

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Copyright 2011 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

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