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 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>.  

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==

*these requirements could be waived during a war<ref>[http://www.theatlantic.com/politics/archive/2011/07/how-a-balanced-budget-amendment-would-work/242202/ How a Balanced Budget Amendment Would Work] The Atlantic, July 20, 2011</ref>

*these requirements could be waived during a war<ref>[http://www.theatlantic.com/politics/archive/2011/07/how-a-balanced-budget-amendment-would-work/242202/ How a Balanced Budget Amendment Would Work] The Atlantic, July 20, 2011</ref>

==External Links==

==External links==

*[http://www.cutcapandbalanceact.com/ Cut Cap and Balance Act Homepage]

*[http://www.cutcapandbalanceact.com/ Cut Cap and Balance Act Homepage]

*[http://rsc.jordan.house.gov/default.aspx Republican Study Committee Homepage]

*[http://rsc.jordan.house.gov/default.aspx Republican Study Committee Homepage]

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[[Category:Politics]][[Category:United States Government]][[Category:Obama Presidency]][[Category:United States House of Representatives ]]

[[Category:Politics]][[Category:United States Government]][[Category:Obama Presidency]][[Category:United States House of Representatives]]