Did You Know...

   

Obama threatens veto of House GOP’s “Cut, Cap, and Balance” bill

Share
By Michelle Malkin  •  July 18, 2011 12:29 PM

News is breaking out all over Capitol Hill just now: The president is threatening to veto House GOP conservatives’ proposal to cut spending now, cap future spending, and balance the budget.

So, to be clear, to use that over-worn Obama phrase, the White House is against Cut, Cap and Balance.

Spread the word.

Call their bluff.

***

WashTimes’ Emily Miller: “Obama just issued a veto threat for a bill that would give him a $2.4 trillion debt ceiling increase. So, who’s risking default now?”

Via Jamie Dupree: Read the White House veto threat. The fear-mongering intro:

The Administration strongly opposes H.R. 2560, the “Cut, Cap and Balance Act of 2011.” Neither setting arbitrary spending levels nor amending the Constitution is necessary to restore fiscal responsibility. Increasing the Federal debt limit, which is needed to avoid a Federal government default on its obligations and a severe blow to the economy, should not be conditioned on taking these actions. Instead of pursuing an empty political statement and unrealistic policy goals, it is necessary to move beyond politics as usual and find bipartisan common ground.

The bill would undercut the Federal Government’s ability to meet its core commitments to seniors, middle-class families and the most vulnerable, while reducing our ability to invest in our future. H. R. 2560 would set unrealistic spending caps that could result in significant cuts to education, research and development, and other programs critical to growing our economy and winning the future. It could also lead to severe cuts in Medicare and Social Security, which are growing to accommodate the retirement of the baby boomers, and put at risk the retirement security for tens of millions of Americans.

***

Related: The latest on the headache-inducing McConnell sellout from RedState:

Only in Washington are spending increases called spending cuts. They will actually grow discretionary spending at 2/3 rate of inflation (spending increase) but call it $1 trillion in cuts below the baseline of full inflation. About $200 billion come from cuts to health care providers, something we stop every year with the doc fix — not sure how they’ll keep this promise. And another $165 billion come from increases in government fees (some call tax increases), not spending cuts. So at the end of the day, we are left with a $2 billion FY2012 cut, and $55 billion in promised actual spending cuts through yet unspecified policy changes. A whopping $57 billion in cuts over a decade, or less than $6 billion a year.

Posted in: Politics

United Nations shores up legacy as world’s biggest comedy club

October 21, 2017 03:35 PM by Doug Powers

World Health Organization delivers this weekend’s laughs

Heh: Obama warns decimated Dem Party that divisive politics is a dead-end street

October 20, 2017 02:51 PM by Doug Powers

Take it from him!

Nauseating: Dem Rep. thrilled by how she just became a ‘rock star’

October 19, 2017 08:33 PM by Doug Powers

New low

NY Times: Economy’s getting better, and here’s how that might kill you

October 18, 2017 07:16 AM by Doug Powers

Even good news is bad news in the Trump era


Categories: New York Times, Politics