Changes

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 federal government spending, as well as passing a Constitutional amendment that requires a balanced budget every 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 he has already vowed to veto the bill, in the unlikely event that it passes the Democrat-controlled Senate<ref>[http://blogs.abcnews.com/thenote/2011/07/saturday-session-in-the-senate-a-vote-on-cut-cap-balance-act.html Saturday Session in the Senate: A Vote on Cut, Cap & Balance Act] ABC News, July 20, 2011</ref>.   

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 federal government spending, as well as passing a Constitutional amendment that requires a balanced budget every fiscal year. The Act passed the House of Representatives by a vote of 234-190 on July 19, 2011 but it was voted down by the Senate (because of the Democrats), and it was opposed by [[President Obama]], who had vowed to veto the bill had it passed. <ref>[http://blogs.abcnews.com/thenote/2011/07/saturday-session-in-the-senate-a-vote-on-cut-cap-balance-act.html Saturday Session in the Senate: A Vote on Cut, Cap & Balance Act] ABC News, July 20, 2011</ref>.   

==Cut==

==Cut==