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Entries in DDebt Negotiations (1)

Monday
Aug012011

Cut, Cap and Balance Coalition Won't Support New Debt Deal

MANDEL NGAN/AFP/Getty Images(WASHINGTON) -- As Speaker Boehner struggles to round up the votes needed to pass the new debt ceiling deal in the House, a coalition of conservative groups and lawmakers have already rejected the proposal.

This statement by the conservative Cut, Cap and Balance coalition certainly won’t help him pick up any Tea Party hold-outs:

"We applaud the efforts of the Speaker and Minority Leader to craft a passable solution despite a Senate majority that valued politics over prosperity and a White House that never presented any solution to the problem.  However, the Cut, Cap, Balance Coalition will not support this bill because it clearly fails to meet the standards of the Cut Cap Balance Pledge...The most glaring shortcoming is that the second debt ceiling increase in this package isn’t tied directly to Congressional approval of a balanced budget amendment as a pre-condition.  It may therefore be avoided altogether."

The Cut, Cap and Balance Coalition is an organization of more than 100 conservative groups and several dozen lawmakers in both chambers who have called for passage of a balanced budget amendment in exchange for a vote to raise the country’s debt ceiling.

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