U.S. Congress - S.1340 Cut, Cap, and Balance Act of 2011
S.1340 - Cut, Cap, and Balance Act of 2011
A bill to cut, cap, and balance the Federal budget. view all titles (2)
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- Official: A bill to cut, cap, and balance the Federal budget. as introduced.
- Short: Cut, Cap, and Balance Act of 2011 as introduced.
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QUOTE from the bill: “…with total spending at no more than 18% of GDP, a historically low level.” Excuse me? 18% is MASSIVE! Before 2008 we had not seen more than 6% since the Great Depression (see usgovernmentspending.com ). I oppose this bill, we need to cut and cap the ceiling at no more than 5% of GDP, anything over 10% is a full blown depression (like now). Write your rep and ask them to oppose this bill until it is capped at 5%. Anything higher is just entirely too dangerous to the national economy.
I agree, but it says “up to”…
The bill needs to be modified like you say completely, because up to could be 5% or easily abused at the limit.
A bill like this is necessary, but needs a lot more thought and modifications.
It’s actually a historical average. Not “low level” but not “massive” either.
See Forbes Magazine
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