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News National Politics "Cut, Cap, & Balance Act:" Don't Get Your Hopes Up!
News National Politics "Cut, Cap, & Balance Act:" Don't Get Your Hopes Up!
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20 July 2011
The proposed "Cut, Cap, & Balance Act" is a clear example of why we must start reading the fine print.
We are much too trustworthy of our so-called Republicans. Read this article to find out why the proposed cut cap & balance act is not a real solution and not in our best interest. In fact, it's just another #()@%!^& sellout.
This is not unusual. The establishment, RINO Republicans often propose legislation that has a "less government" name but after reading the details we find, time and time again, it's really just another non-solution & a compromise with the Democrats.
"Power politics" will not win the war that has been waged on taxpayers for so long now. If we expect this country's direction to change significantly, then we need to pay more attention to the details. We need to stop trusting these people simply because they claim to be Tea Party candidates and/or they have an "R" in front of their name.
Excerpt from the article below:
"By capping spending at a certain constant percentage of GDP, it allows for federal spending to continue to grow. Tying spending to GDP creates an incentive to manipulate the GDP figure, especially since the bill delegates the calculation of this figure to the Office of Management and Budget, an agency which is responsible to the President and not to Congress. In the worst case, it would even reward further inflation of the money supply, as increases in nominal GDP through pure inflation would allow for larger federal budgets."
Please read the entire article by clicking here: http://paul.house.gov/index.php?option=com_content&view=article&id=1894:statement-on-the-cut-cap-and-balance-act&catid=15:floor-statements