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 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.  

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>.

 

==Cut==

==Cut==