Today the House of Representatives will be voting on one of the most important pieces of legislation that it will take up in the 112th Congress. The Cut, Cap, and Balance Act of 2011, if passed, would put America back on the path towards fiscal responsibility. We are a nation in economic crisis thanks to our $14 trillion national debt and continued runaway spending. President Obama and the Democrats in Congress refuse to introduce a feasible plan that will help address the crisis. The Cut, Cap, and Balance Act is the right piece of legislation at the right time.
“Cut,” “cap,” and “balance” are three simple words that President Obama doesn't seem to have in his lexicon. The Cut, Cap, and Balance reform package, if passed, will put into law these critical steps in reducing our $14 trillion national debt:
1. Cut – Cuts total spending by $111 billion in the FY 2012 budget.
2. Cap – Caps total federal spending from 22.5% of GDP in 2012 to 19.9% of GDP in 2021.
3. Balance – Requires the passage of the Balance Budget Amendment before the raising of the nation’s debt limit.
The Obama Administration has no plan, and claims that we are in a debt crisis because of a revenue problem, not a spending problem. Just last week, President Obama laughably claimed that 80 percent of Americans want a tax increase to help bring down our nation’s debt. Rasmussen had a poll saying 55 percent OPPOSE tax increases in a new debt deal. This Administration is astoundingly tone deaf. The unemployment rate is at a crippling 9.2 percent, and Americans are struggling because of the failed economic policies of the Obama Administration. President Obama has yet to offer a credible plan to create jobs or get us out of the debt crisis. Instead, he resorts to scare tactics and temper tantrums to get his way.
Yesterday, President Obama threatened to veto the Cut, Cap, and Balance Act if it reaches his desk. The White House called the legislation a “false and unacceptable choice.” A “false” and “unacceptable” choice would be to let our national debt continue to climb uncontrollably. When Chairman of the Joint Chiefs of Staff, Admiral Michael Mullen, says, “The most significant threat to our national security is our debt,” this debate is clearly not just an economical one.
The Cut, Cap, and Balance Act of 2011 is a bold plan that will rescue the American economy from an economic abyss. House Republicans are leading, while President Obama and his Democrat friends do nothing but pout and propose the same tired liberal policies that have cost our economy jobs and wealth. Future generations of Americans will look back upon this time and either come to the conclusion that Congress again took the easy way out, or that Congress for once realized it could not spend its way out of this mess. I strongly urge all House members to vote for this important piece of legislation; all votes will be scored in the Citizens United 2011 Congressional Ratings.