Saturday, July 30, 2011

Balanced Budget Act of 2011

Despite Big Labor-funded ads targeting him, Congressman Lou Barletta as well as neighboring Republican Congressman Tom Marino voted last night for yet another Republican solution to the debt crisis, the Balanced Budget Act of 2011 (BBA.)

The Senate, including Democratic Senator Bob Casey, were waiting in the wings to immediately kill the bill. They refused to even allow a debate. Senate Democrats then tried to change rules to push their own “Dead on Arrival” legislation that protects their own and President Obama’s re-election campaigns.

With around 72 hours remaining before debt crisis armageddon, Bobby Casey & Co. have still not passed a bill to address the crisis.

As a matter of fact, all the Democrats have produced so far is an offer of a blank check and tax increases for President Obama. This is no surprise since their Big Labor base is spending money advocating for tax increases.

The BBA grants a $900 billion increase in the debt ceiling in exchange for $917 billion in cuts, requires a Balanced Budget Amendment to the US Constitution before any future increases in the debt ceiling, caps spending, and does not contain any of the tax increases the Democrats and Labor wanted.

The BBA passed with the support of 218 Republicans. 22 Republicans joined the Democrats to vote against the measure.

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