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House Conservatives Call for "Cut, Cap, and Balance"


Location: Unknown

I joined with 103 House Conservatives on a letter to House Republican leadership calling for a "Cut, Cap, and Balance" response to raising the debt limit. Our proposal calls for:

1. Immediate spending cuts to slash the deficit in half next year. According to March projections from the Congressional Budget Office, this would require spending cuts of approximately $380 billion in the 2012 fiscal year.

2. Statutory, enforceable caps that align spending with average revenues by ratcheting total federal spending down to 18�f GDP.

3. House and Senate passage of a Balanced Budget Amendment to the Constitution that includes a spending cap at 18�f GDP and a high hurdle for tax increases.

We have to get our debt under control without job-destroying taxes that would hurt our economy. By getting our spending down to historical, sustainable levels we can unleash our private sector economy.

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