Cut, Cap And Balance Bill: Latest Republican Plan Could Lead To Debt Ceiling Compromis

Cut, Cap And Balance Bill: Latest Republican Plan Could Lead To Debt Ceiling Compromis

http://www.huffingtonpost.com/2011/07/17/cut-cap-balance-debt-ceiling-house-republicans_n_900926.html

WASHINGTON -- The latest Republican plan to avert a looming U.S. default is a fierce statement of conservative principles that pushes the party's negotiating position farther to the right.

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"The cut, cap and balance plan that the House will vote on next week is a solid plan for moving forward. Let's get through that vote, and then we'll make decisions about what will come after," he said at a news conference.

The cut, cap and balance bill conditions a debt-limit increase on passage of a constitutional amendment that would require the federal government to balance its books each year.

Constitutional amendments require a two-thirds vote. That's not likely in the Democratic-controlled Senate, and may even be a stretch in the House.

Even if it were to pass Congress, the amendment would not take effect until at least 38 of the 50 state legislatures ratify it.

(more at link)

Yeah let's pass a constitutional amendment then we'll raise the debt limit. Really seems like republicans are he'll bent on destroying the global economy for no reason other than they hope to benefit from the chaos and misery that ensues.

and agenda, State by State for years to spin and lie and scream about.