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The '''Cut, Cap and Balance Act''' is a [[budget]] plan created by the [http://rsc.jordan.house.gov/default.aspx Republican Study Committee] of [[Congress]].  The goal of the Act is to improve the financial situation of the United States by cutting and limiting government spending, as well as passing a Constitutional amendment that requires a balanced budget ever fiscal year. The Act passed the House of Representatives by a vote of 234-190 on July 19, 2011.  It is opposed by [[President Obama]], and it is unlikely to pass the Democrat controlled [[Senate]].

The '''Cut, Cap and Balance Act''' is a [[budget]] plan created by the [http://rsc.jordan.house.gov/default.aspx Republican Study Committee] of [[Congress]].  The goal of the Act is to responsibly improve the financial situation of the [[United States]] by cutting and limiting government spending, as well as passing a Constitutional amendment that requires a balanced budget ever fiscal year. The Act passed the House of Representatives by a vote of 234-190 on July 19, 2011.  It is opposed by [[President Obama]] who threatened to [[veto]]. Most likely the measure will fail to pass the Democrat-controlled [[Senate]] because it puts limits on kleptocrats.