Congressman Bill Cassidy, M.D., today released the following statement regarding his vote for the Cut, Cap and Balance Act of 2011, which would cut trillions over the next ten years. The bill enacts firm spending limits and includes a Balanced Budget Constitutional Amendment.
"America is facing a debt crisis. The debt is dangerously high and our AAA credit rating is endangered. If we fail to cut spending now, our economy will suffer.
"The Cut, Cap and Balance Act will move towards closing the budget deficit and will establish budgetary caps to break Washington's spending addiction. This bill is a responsible solution to the debt dilemma and will restore business confidence. I hope the president signs this critical legislation."