07.19.2011 0

Cut, Cap, and Balance Passes the House

In a 234-190 vote, the ‘Cut, Cap, and Balance’ act has passed the House of Representatives. The Senate is now on the line to keep the momentum behind the legislation going.

Here is what Rep. Jim Jordan, the Chairman of the Republican Study Committee, had to say about today’s success:

Americans for Limited Government President Bill Wilson had this to say about tonight’s victory in the House:

“The House of Representatives has done its job.  It has passed a debt ceiling increase that meets the short, medium and long term goals set out by financial institutions like Standard & Poor’s to insure our nation’s solvency and our Triple-A credit rating.

“Now, it is up to Harry Reid to start acting like an adult and put petty politics aside by passing the House bill through the Senate. ‘Cut, Cap, and Balance’ will save about $5.8 trillion over the next decade.  Any plan from the Senate should save at least that much. Failure to act on the only responsible approach that has been proposed to solve our nation’s debt crisis would be catastrophic to our nation’s economic future.”

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