H.R.2560 - Cut, Cap, and Balance Act of 2011

To cut, cap, and balance the Federal budget. view all titles (4)

All Bill Titles

  • Popular: Cut, Cap, and Balance Act of 2011 as introduced.
  • Official: To cut, cap, and balance the Federal budget. as introduced.
  • Short: Cut, Cap, and Balance Act of 2011 as introduced.
  • Short: Cut, Cap, and Balance Act of 2011 as passed house.

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  • talikarni 07/19/2011 1:48pm

    QUOTE: “…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.

  • Pashta 07/19/2011 1:54pm

    It’s actually a historical average. Not “low level” but not “massive” either.

    See Forbes Magazine

  • peacefrog 07/19/2011 10:20pm

    Either way we’re in pretty deep. Does anyone here think our country can survive for even another 10 years economically, politically, spiritually? Even if we start reducing the deficits and eventually start paying down the debt, how much longer can our nation endure 20% + real unemployment while at the same time the government strips away our rights and destroys the remnants of our free markets?

    I’m trying to be positive about where we’re at, but real optimism only exists when one understands the worst of one’s circumstance and still chooses to forge ahead with nothing but pure faith and hope. In such a dire situation as what we face now, anything less is just wishful thinking, denial, and/or a hollow and baseless. If you really come to terms with what $14+ trillion in debt and $1.5 trillion annual deficits means for our nation, you’ll realize it’s nearly impossible to reverse. Historically, major empires fail because they become overextended economically. That’s reality.

  • peacefrog 07/19/2011 10:22pm

    Having gotten my previous comment out there, I hope this bill passes because it’s a step in the right direction, for once.

  • neelorath 07/20/2011 2:15pm

    18% is just to high and it can be changed by future votes. There is nothing here that locks the Government into a real set budget. As always there is double talk in this bill and the commitment to real change is not here. We need to cut the spending drastically and bite the bullet now.
    “Trillion” is obviously not making a proper impression on most of these reps, and I guess not on the people either. We really can’t afford to raise a few more trillion in the next few years. We need real cuts and using Terror as grounds for not capping military spending is not smart. We will be in continual war forever with the definition of war as fighting Terror.
    With Obama drawing down troops the military budget should be decreasing. Policing agencies have always fought terror, it is just easier to define and see at this time in history. We need to keep the military accountable on its spending and make sure it it wise about it as well.

  • peacefrog 07/20/2011 8:57pm

    Good points, I’m surprised actually that groups like the Campaign For Liberty were so strongly behind this bill when it’s actually quite neocon in nature. A closer look reveals it really isn’t moving in us in the right direction, rather it’s essentially a Republican feel-good bill that offers more of the same. Anyway, we are likely to end up in even more wars, the excuse being to fight the undefinable, unwin-able war on terror and also as an excuse to not pay off our debts/cut spending. Why aren’t they even discussing the fact that the debt to the FED should be waived?

  • Pashta 07/21/2011 4:07pm

    I’m glad it passed. It’s a reasonable compromise, the president gets one final increase in the debt ceiling, then there’s real limits on spending and a balanced budget amendment. Win-Win. If they don’t pass it in the senate expect a government shutdown.

  • peacefrog 07/21/2011 8:43pm

    Ron Paul answered my question about why C4L supported this bill early on: http://www.youtube.com/watch?feature=player_embedded&v=UUR-gomIwqs

    Essentially they were told it would contain big cuts, caps, and a balanced budget amendment but didn’t have the detials. They didn’t find out until later that there would be over 2 trillion added to the debt.

  • meadowj 07/22/2011 11:26am
    Now, that the bill has been voted down by the senate, we can get the list of those that voted against it. Now we can work to get the ones out of office that speak of reform but double-face the issue at voting time. Regardless of the never ending numbers about how bad the budget and deficit are we all know that this has no good ending unless we get leaders that walk the walk. If you think the last election was historic just wait for the next one!
  • kir 07/22/2011 12:15pm

    We are spending above average. We are also borrowing a lot to do it. Let’s reduce the spending of the federal government a little bit which can be done without really cutting anything just by shifting some things around and making them more efficient and then see what we can do from there.

  • bthockey 07/23/2011 3:55pm

    I don’t get it. Are the votes on the Senate part of this bill on OpenCongress backwards? It is saying that all the Republicans voted against it and all the Democrats voted for it. uh?

  • drm 07/24/2011 5:43pm

    Thanks for the note. Good to notice it, but all is correct, to the best of our knowledge. The specific vote was “On the Motion to Table (Motion to Table the Motion to Proceed to Consider H.R. 2560)”, so it is conceivable that the Dems voted in favor of tabling the bill. The data is consistent with the roll call info on GovTrack, our data partner. Send an email to donny at opencongress dot org if you’d like to confirm this interpretation. Thanks for using OC, bthockey.

  • bthockey 07/24/2011 6:05pm

    Thank you for your comment! I must have missed that even thought it’s extremely clear to see. Thanks!

  • OPa_Infinity 07/25/2011 1:46pm

    While I generally support the purpose of the bill, and some specific provisions, there are also some troubling provisions:

    - Block additional approved borrowing by the Treasury, until such time as both the House and Senate agree to and first pass a Balanced Budget Amendment and it is sent to the states for ratification. Delay in the process could result in default.

    - As worded, it gives extraordinary powers to the chairs of two committees as well as the Director of OMB.

    - As worded, it ties the hands of future members of Congress when it prohibits future discussion or debate of decisions made now, even when the financial situation could change drastically down the road. I could certainly see requiring a super-majority, but prohibiting discussion and debate? What happened to freedom of speech? Democratic process? A dangerous approach to governance.

  • gmarceau 07/27/2011 11:54pm

    You are confusing DEFICIT with SPENDING. They are not the same thing. Deficit is how in the red we are each year, not how much we are spending. Your argument says ‘spending’, but your numbers are taken from the ‘spending’ chart.

    This is the right chart: usgovernmentspending.com

    It shows that spending was stable under Reagan at 22%, went down with Clinton to 18%, than up a bit with Bush 2000-2008 to 20%, and then WAY WAY up when Bush passed the bank bail out (to 25%).

    The only time spending was below 5% of GDP was at the start of the great depression, in 1930.

  • juanfarm 07/29/2011 12:14am

    is this the boehner plan? if not which bill is his plan so that i can read it?

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