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Donate NowH.R.2560 Cut, Cap, and Balance Act of 2011, 112th Congress
Sponsor: Rep. Jason Chaffetz [R, UT-3]Contact Congress
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Official Bill Info
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Latest Action: Jul 22, 2011
Motion to proceed to measure considered in Senate.
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Committee Assignment:
House Budget
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House Rules
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Committee Assignment:
House Ways and Means
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This bill's most-recent vote occurred on July 22, 2011,
with a roll call of 51 ayes, 46 nays, and 3 not voting.
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This bill's most-recent vote occurred on July 22, 2011, with a roll call of 51 ayes, 46 nays, and 3 not voting.
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OpenCongress Bill Summary
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Ties an increase in the federal debt limit to enforceable spending targets that would make deep cuts in non-Defense discretionary spending while allowing the military budget to continue to increase. It would also require passage of a constitutional Balanced Budget Amendment calling for the federal budget to deficit-neutral each year with total spending at no more than 18% of GDP, a historically low level. The amendment would require a 2/3rds majority for any revenue increases and would only allow an exception the deficit-neutral requirement in times of war.
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Here's a summary from OpenCongress.org: Ties an increase in the federal debt limit to enforceable spending targets that would make deep cuts in non-Defense discretionary spending while allowing the military budget to continue to increase. It would also require passage of a constitutional Balanced Budget Amendment calling for the federal budget to deficit-neutral each year with total spending at no more than 18% of GDP, a historically low level. The amendment would require a 2/3rds majority for any revenue increases and would only allow an exception the deficit-neutral requirement in times of war.
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Most-commented sections of the bill text
Highest Rated User Comments
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On
July 27, 2011,
by
gmarceau
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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":http://bit.ly/pP5FdW
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.
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As noted by gmarceau, a user on OpenCongress.org, on July 27, 2011, "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":http://bit.ly/pP5FdW 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." -
On
July 19, 2011,
by
Pashta
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It's actually a historical average. Not "low level" but not "massive" either.
See "Forbes Magazine":http://blogs.forbes.com/beltway/2011/07/18/mr-president-heres-that-balanced-approach-you-keep-demanding/
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As noted by Pashta, a user on OpenCongress.org, on July 19, 2011, "It's actually a historical average. Not "low level" but not "massive" either. See "Forbes Magazine":http://blogs.forbes.com/beltway/2011/07/18/mr-president-heres-that-balanced-approach-you-keep-demanding/" -
On
July 19, 2011,
by
peacefrog
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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.
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As noted by peacefrog, a user on OpenCongress.org, on July 19, 2011, "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."
Highly Rated Blog Articles
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Critics say new Argentine banknote too small - Worldnews.com
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July 28, 2012
by
http://wn.com/Argentina/
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The Majority Leader will move to proceed to consideration of HR 2560, Cut, Cap, and Balance Act. 67:02. Senate Session 2012-05-22 (15:19:57-16:26:58). motion to proceed to S 3187, the FDA bill will be adopted as will the ...
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As noted by http://wn.com/Argentina/ on July 28, 2012, "The Majority Leader will move to proceed to consideration of HR 2560, Cut, Cap, and Balance Act. 67:02. Senate Session 2012-05-22 (15:19:57-16:26:58). motion to proceed to S 3187, the FDA bill will be adopted as will the ..." (/url?q=http://article.wn.com/view/2012/07/28/Critics_say_new_Argentine_banknote_too_small_t0/&sa=U&ei=yYEWUKO7BYn48wTAtICACA&ved=0CCgQmAEwAw&usg=AFQjCNFP7P1L9YJDAr2jnOmqA-v1aYtlRw) -
Republican Jobs Bills Won't Actually Create Jobs, Say Economists
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July 24, 2012
by
The Huffington Post News Editors
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H.R. 2560 -- Cut, Cap and Balance Act of 2011. The <a href="http://www.gpo.gov/fdsys/pkg/BILLS-112hr2560pcs/pdf/BILLS-112hr2560pcs.pdf" target="_hplink">bill would limit discretionary budget authority</a> to $1.019 ...
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As noted by The Huffington Post News Editors on July 24, 2012, "H.R. 2560 -- Cut, Cap and Balance Act of 2011. The <a href="http://www.gpo.gov/fdsys/pkg/BILLS-112hr2560pcs/pdf/BILLS-112hr2560pcs.pdf" target="_hplink">bill would limit discretionary budget authority</a> to $1.019 ..." (/url?q=http://www.huffingtonpost.com/2012/07/24/republican-jobs-bills_n_1687647.html&sa=U&ei=jBUTUPjKO5Oo8gS1ooHYDQ&ved=0CDsQmAEwBw&usg=AFQjCNFxYDocmzQiAayNkI0-HgFuJg0X9Q) -
Republican Jobs Bills Won't Actually Create Jobs, Say Economists
-
July 24, 2012
by
The Huffington Post News Editors
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H.R. 2560 -- Cut, Cap and Balance Act of 2011. The <a href="http://www.gpo.gov/fdsys/pkg/BILLS-112hr2560pcs/pdf/BILLS-112hr2560pcs.pdf" target="_hplink">bill would limit discretionary budget authority</a> to $1.019 ...
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As noted by The Huffington Post News Editors on July 24, 2012, "H.R. 2560 -- Cut, Cap and Balance Act of 2011. The <a href="http://www.gpo.gov/fdsys/pkg/BILLS-112hr2560pcs/pdf/BILLS-112hr2560pcs.pdf" target="_hplink">bill would limit discretionary budget authority</a> to $1.019 ..." (/url?q=http://www.huffingtonpost.com/2012/07/24/republican-jobs-bills_n_1687647.html&sa=U&ei=0qoRUKXfH46C8ATitYHABA&ved=0CDYQmAEwBg&usg=AFQjCNHNeWYwgVJ9Z_w9cWceemFsyKbIiQ)
Highly Rated News Articles
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SBA List President Calls on Rep. Heather Wilson to Explain Anti-Life Record to New Mexicans
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March 03, 2012
by
ChristianNewsWire
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H.R. 2560, H.R. 810, H.R.3, S.5. The Susan B. Anthony List currently sponsors an ad campaign on Christian radio stations in New Mexico that highlights these votes from Wilson's record. The ad can be accessed on the Susan B. Anthony List website at www.sba
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As noted by ChristianNewsWire on March 03, 2012, "H.R. 2560, H.R. 810, H.R.3, S.5. The Susan B. Anthony List currently sponsors an ad campaign on Christian radio stations in New Mexico that highlights these votes from Wilson's record. The ad can be accessed on the Susan B. Anthony List website at www.sba " (http://www.christiannewswire.com/news/150636691.html) -
Johnson's mission: Tame federal deficit
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January 08, 2012
by
Green Bay Press-Gazette
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HR 2560, Cut, Cap and Balance, Roll Call 116: Republican proposal that would have cut $111 billion in spending in fiscal 2012; established spending caps that would gradually be lowered; and required the passage of a balance budget amendment to ...
Clicking this will add the following text:
As noted by Green Bay Press-Gazette on January 08, 2012, "HR 2560, Cut, Cap and Balance, Roll Call 116: Republican proposal that would have cut $111 billion in spending in fiscal 2012; established spending caps that would gradually be lowered; and required the passage of a balance budget amendment to ..." (http://www.greenbaypressgazette.com/article/20120108/GPG0101/201080617/Wisconsin-Sen-Ron-Johnson-s-mission-Tame-federal-deficit) -
Johnson's mission: Tame federal deficit
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January 08, 2012
by
Green Bay Press-Gazette
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HR 2560, Cut, Cap and Balance, Roll Call 116: Republican proposal that would have cut $111 billion in spending in fiscal 2012; established spending caps that would gradually be lowered; and required the passage of a balance budget amendment to ...
Clicking this will add the following text:
As noted by Green Bay Press-Gazette on January 08, 2012, "HR 2560, Cut, Cap and Balance, Roll Call 116: Republican proposal that would have cut $111 billion in spending in fiscal 2012; established spending caps that would gradually be lowered; and required the passage of a balance budget amendment to ..." (http://www.greenbaypressgazette.com/article/20120108/GPG0101/201080617/Johnson-s-mission-tame-deficit)

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