Day: July 21, 2011

Cut, Cap, and Balance Was the Right Move

The Republican-led House of Representatives has passed a bill called “Cut, Cap, and Balance.” It calls for cutting spending back to 2008 levels, capping spending to a certain percentage of the GDP, and raising the debt ceiling only if both Houses of Congress send a balanced budget amendment to the states for ratification. Political commentators are calling it dead from the start. I agree, to a point. Will it pass the Senate? It might have a small chance [some Democrats… Read more »