Wednesday, July 13, 2011

Cut, Cap, & BALANCE – Getting the Complete Picture

Hat tip goes to my Representative U.S. Representative Jim Jordan, (R-OH-4), and his conservative Republican Study Group (RSG) which produced the video embedded below. The video deals with how to handle the massive deficit, debt and Democrat desire to again raise an already dangerously high and going-through-the-roof debt ceiling.

As RSC Chairman Jim Jordan and House Majority Leader Eric Cantor wrote in their USA Today op-ed today:  
…Always a concern, the national debt has grown into a malignant cancer on our economy. Attacking this cancer at its root means cutting spending. If we do not, the U.S. will face a job-killing debt crisis within just a few years.
Promises, Promises - Near-term spending cuts are necessary to alter the course, but they will not be enough without long-term changes. Likewise, promises of cuts 10 years from now mean little without a way to enforce them. The only way to truly guarantee delivery from future politicians is if the Constitution demands it. That's why the House will vote next Wednesday on a balanced budget amendment that would require supermajorities in both chambers to run a deficit, raise the debt ceiling, raise taxes and spend more than 18% of GDP…

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