CNN reports that the House of Representatives voted 234-190 to pass a “cap, cut and balance” bill. This bill will impose strict caps on all future federal spending while making it significantly tougher to raise taxes. However, Obama has said he would veto it. Democrats, who have control of the Senate, have said they will kill it.
Cap, Cut and Balance Bill passing the House is great news for true conservatives, the Tea Party people, because they believe it is the BEST measure to control spending and fix this debt ceiling crisis.
Now the fallout from NOT going forward with the Cap, Cut, and Balance Bill will fall squarely on the shoulders of the Democrats and Obama. The onus is on the Democrats to explain why they will not support Cap, Cut and Balance bill.