Republicans “Rally Around” Cut, Cap, and Balance Plan ...

... While the White House Continues to Reject Attempts to Rein In Our Nation’s Debt

Republicans offer debt plan:

  •  “Republicans are rallying around the ‘cut, cap and balance’ measure as their answer to the debt talks as negotiations between the administration and congressional leaders have stalled.” (Sam Youngman, “Obama officially threatens to veto Republicans' 'cut, cap and balance' bill,” The Hill, 07/18/11)
  •  “The Cut, Cap and Balance legislation … would implement steep cuts in government spending and set hard discretionary spending caps. It would also make an increase in the debt limit contingent on Congress sending a constitutional balanced budget amendment to the states for ratification.” (Meredith Shiner, “Reid to Put Cut, Cap and Balance Bill in Motion,” Roll Call, 07/21/11)

But the White House flatly rejects it:

  • The White House on Monday warned President Obama will veto GOP legislation to ‘cut, cap and balance’ spending and the budget.” (Sam Youngman, “Obama officially threatens to veto Republicans' 'cut, cap and balance' bill,” The Hill, 07/18/11)
  • “‘It’s disappointing the White House would reject this common-sense plan to rein in the debt and deficits that are hurting job creation in America,’ Boehner said in a statement. ‘While American families have to set priorities and balance their books, this White House obviously isn’t serious about making the same tough choices.’” (Sam Youngman, “Obama officially threatens to veto Republicans' 'cut, cap and balance' bill,” The Hill, 07/18/11)

While offering no plan of its own:

  • “President Obama has now announced that he will veto the ‘Cut, Cap, and Balance’ bill to raise the federal debt ceiling that passed the House of Representatives yesterday. In its place, the president offers . . . nothing.” (Michael Tanner, “There Is No Alternative,” National Review Online, 07/20/11)
  • “President Obama said yesterday he would veto [Cut, Cap and Balance]. So now we know one more spending and debt-reduction plan the President won’t support. The question remains, as it has for months: What alternative is he offering?” (Editorial, “A GOP plan: Where is Obama’s?” Union Leader, 07/19/11)