House Approves 'Cut, Cap, and Balance' Deal

By: Melisa Raney Email
By: Melisa Raney Email

"The yeas are 234 and the nays are 190, the bill is passed!"

The "Cut, Cap and Balance" plan passed the republican controlled house with ease Tuesday night.

Former White House Press Secretary Ari Fleischer says:

"They passed a budget. The senate has not. They passed cuts today. The senate has not. And President Obama in his budget never proposed to do anything about the debt except to let it grow."

The bill is not expected to pass in the senate.

And president Obama has said he would veto such a bill.
But he did voice interest in a bipartisan plan proposed by the so-called "gang of six."

"The framework that they put forward is broadly consistent with what we've been working on here in the White House and with the presentations that I've made to the leadership when they've come over here."

But some warn there wouldn't be enough time to pass the plan by the August 2nd deadline.

Fleischer says:

"Don't over interpret what the gang of six did. It actually is not the language of a grand bargain. It's kicking the can down the road so a grand bargain gets negotiated again later. It's not to do all its work before August 2nd."

Debt talks are expected to continue later today. (7-20)

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  • by Bralbubo4 Location: Florida on Jul 20, 2011 at 03:00 PM
    TO ME-the donkeys will vote this out...they do not want a balanced budget amendment. Goes to show they want to run the economy into the ground to protect their voters waiting for handouts--Social Security, Veterans pay and Medicare are NOT hand-outs
  • by Widower Location: Wakulla on Jul 20, 2011 at 01:54 PM
    Since over forty percent of the national budget goes towards Social Security & Medicare, when are the retired tea-party backers going to start sending their SS checks back to the treasury and drop out of Medicare? That would be a start since they asked, or voted, for this to happen. No takers, I'm sure. The next best thing would be for the freshman GOP congressman is to tell Grover Norguist to take a hike and compromise on raising taxes. This vote has been nothing more then a waste of time, but that is nothing new for this do nothing congress.
  • by Anonymous on Jul 20, 2011 at 12:17 PM
    Why do you fear a balanced budget? What don't you understand about the outflow of cash exceeding the inflow? This is pure economics...stop trying to make it more.
  • by Anonymous on Jul 20, 2011 at 10:20 AM
    When will the old guard Democrats realize that the assertion: "The world would be better off if the human race became extinct..." has become a basic tenet of their party? Brave New World, indeed...
  • by Reagan Republican on Jul 20, 2011 at 10:06 AM
    Finally, some type of legistlation is put to a vote in the House and now it is time for the Senate to approve this deficit reduction plan!! This is what Suze Orman would recommend for someone's personal finances. America doesn't have a dime left after spending money on three wars and overseas giveaways! Bring our troops home, Pres. Obama and stop bankrupting this country.
  • by Louise Location: FL on Jul 20, 2011 at 09:45 AM
    Great the republican'ts passed a bill, unfortunately it does nothing for our current debt crisis. Wait till August 3rd when everyone's retirement accounts go to zero because the stock market will collapse. Forget about paying the banks if you have a credit card with a balance and don't ever think about buying a car or house again, interest rates will be in the double digits. Our great Country has been absolutely ruined from our pitiful politians in Washington (both parties). Good luck everyone. Also, if you have any uncashed savings bonds sitting around the house you better cash them, I understand they will be worthless after August 2nd. The government will not have any money to pay them.
  • by Surly Location: Grrr on Jul 20, 2011 at 08:36 AM
    @Thom -- Refusal to compromise = ignorance? Let's do a little test -- I am unwilling to jump off a cliff, and refuse to compromise. Therefore, I must be ignorant. Uh, QED not! But it sounded good...
  • by ga Location: ga on Jul 20, 2011 at 08:01 AM
    better forget party politics and get some real people in office .. clowns we got now have no clue what it is to live in the real world of america........NO MORE PARTIES !!!!!!!!TAKE BACK AMERICA TIME TO LET WASHINGTON KNOW WE ARE SICK OF ALL OF THEM PERIOD !!!!!!!!!!!!!! WALLSTREET RULES THIS COUNTRY NOT ELECTED OFFICALS........
  • by Anonymous on Jul 20, 2011 at 07:50 AM
    When will the old guard republicans realize the Tea Party was secretly created by the Democrats to destroy the Republican Party? As a democrat, I sent money to several Tea Party members...and I'm getting over a hundred percent return on my investment...keep desroying the republican's chance of winning in the next four election cycles.
  • by Elizabeth Location: tallahassee on Jul 20, 2011 at 07:21 AM
    get the JOB done the 1st time,NO cut,cap & balance.Dem o rats thought they got a "shellacing" last time this time is will "woopin behind the shed" vote and vote often
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