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The New Deal in DC
http://www.speaker.gov/UploadedFiles/BOEHNER-7-29-11-Conference1.pdf
‣Bill currently has a two-step process for raising the debt ceiling.
‣As currently written, before POTUS can request second tranche of increased debt authority, Select Committee must produce spending cuts larger than the debt hike.
‣Change to bill would specify that before POTUS can request second tranche of debt authority, Select Committee must produce spending cuts larger than the hike AND a Balanced Budget Amendment must be sent to the states.
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Comment
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Comment by Timothy G Sparks on July 29, 2011 at 2:39pm
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We can assure that it will be dead on arrival to the senate. The house should say to the senate, we passed legislation and gave it to you. It was the Cut, Cap & Balance bill. You tabled it. When we see a bill you pass that we can vote on, we will entertain it. We will not negociate with ourselves. Until then, pound sand.
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