Vitter Comments On McConnell’s Debt Limit Proposal
(Washington, D.C.) – U.S. Sen. David Vitter today made the following comments about the ongoing debate over reducing the federal government’s spending and debt:
“I strongly support the Cut, Cap, and Balance plan. We've been getting a very positive reaction to it, including from some leading House members who are trying to line up House passage to put it in Reid and Obama's lap,” Vitter said. “Unfortunately, the McConnell proposal undercuts all of these efforts. It offers Reid and Obama everything they want – a $2.4 trillion increase in the debt limit with no spending cuts or reforms.”
The Cut Cap & Balance Act would raise the debt limit, contingent on the following three things:
· Passage of a balanced budget amendment by both the House and Senate.
· Immediate spending cuts for FY12.
· Implementation of a spending cap that takes the current federal spending levels of 25 percent federal spending to gross domestic product down to 18.4 percent.