Cut, Cap, and Balance

Posted by Troy on 19th July 2011 in Current Events, Political

I like the house plan which is cut, cap, and balance.  They will raise the debt limit in exchange for current cuts, a cap of 19.9% of GDP in the future by 2021, and starting a balanced budget amendment.  Obama has said that 19.9% of the American GDP is unrealistic and he doesn’t need a balance budget amendment to do his job and will veto it.  It’s the only deal that makes sense.  Why do we ever need more than 19.9% of the US GDP in government spending!!!!  Unreal!  Really, the only time we should have ANY debt spending is in a time of War as declared by Congress or a massive infrastructure project (and I don’t even think then as that will just encourage politicians to keep massive projects going).

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