RSC Update: Support Grows For “Cut, Cap, & Balance”

From the Chairman

The United States of America, the most dynamic country in history, is running headlong into a major debt crisis. Prominent Democrat Erskine Bowles calls it "the most predictable economic crisis in history." And with Washington borrowing more than 40 cents out of every dollar spent, we are rapidly approaching a tipping point.

While President Obama asked Congress for a blank check debt limit increase (which the House voted down 97-318), conservatives are getting behind a plan that could actually prevent the coming calamity. On Monday, we officially released our “Cut, Cap, and Balance” proposal with the support of 103 House Republicans and numerous conservative organizations.

As The Washington Times said in an editorial yesterday, “the debt ceiling represents the last chance conservatives have” to cut spending and prevent this most predictable crisis. We must take a firm stand today. 

God Bless,

Congressman Jim Jordan
Chairman, Republican Study Committee