Skip to comments.Budget Control Act of 2011 (Actual bills)
Posted on 07/28/2011 9:44:17 AM PDT by newzjunkey
Updated as amendment, must read both for complete bill:
Original "Boehner Bill":
Amendment in the Nature of a Substitute Budget Control Act of 2011 (Acrobat PDF)
Revised Amendment to the Amendment in the Nature of a Substitute (Acrobat PDF)
Source, House Committee on Rules, S. 627 Faster FOIA Act of 2011 (Budget Control Act of 2011)
BREAKING: Independent CBO Confirms Spending Cuts Exceed Debt Limit Hike in Revised GOP Plan; Bill Now Includes $22 Billion in Deficit Reduction in First Year
Posted by Speaker Boehner's Press Office on July 27, 2011
The Congressional Budget Office (CBO) has released its analysis of the revised Budget Control Act of 2011 today, and CBOs analysis confirms that the spending cuts are greater than the debt hike affirming that the House GOP bill meets the critical test House Republicans have said they will insist upon for any bill to raise the nations debt ceiling. Specifically, the CBO analysis confirms the Republican plan will:
Republicans adjusted their spending cut bill after a lower-than-expected score from CBO. This updated analysis confirms what others are saying: the Republican plan changes the trajectory of spending and would keep the debt cutting process going. Unlike Senator Reids gimmick-filled plan, the Republican proposal includes real spending cuts and reforms that will restrain future spending and the spending cuts are larger than the debt limit increase.
This bill is far from perfect, but its a positive step forward that denies President the $2.4 trillion blank check that lets him continue his spending binge through the next election. Learn more about it here. New analysis by the House Budget Committee shows the GOP Budget Control Act achieves roughly 66 percent of the discretionary spending cuts in the House-passed budget. The GOP bill cuts and caps spending by $917 billion over 10 years $22 billion in FY2012 alone and will prevent a national default that would hurt private-sector job growth. It also keeps the focus on cutting spending, requiring a plan by December that cuts at least $1.8 trillion more. See the chart below from the Budget Committee:
What about the balanced budget amendment?
Balanced Budget Amendment HJ RES 56 (same as SR RES 10)
Proposing an amendment to the Constitution of the United States relative to balancing the budget.
Resolved by the Senate and House of Representatives of the United States of America in Congress assembled (two-thirds of each House concurring therein), That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States:
`Section 1. Total outlays for any fiscal year shall not exceed total receipts for that fiscal year, unless two-thirds of the duly chosen and sworn Members of each House of Congress shall provide by law for a specific excess of outlays over receipts by a roll call vote.
`Section 2. Total outlays for any fiscal year shall not exceed 18 percent of the gross domestic product of the United States for the calendar year ending before the beginning of such fiscal year, unless two-thirds of the duly chosen and sworn Members of each House of Congress shall provide by law for a specific amount in excess of such 18 percent by a roll call vote.
`Section 3. Prior to each fiscal year, the President shall transmit to the Congress a proposed budget for the United States Government for that fiscal year in which--
`(1) total outlays do not exceed total receipts; and
`(2) total outlays do not exceed 18 percent of the gross domestic product of the United States for the calendar year ending before the beginning of such fiscal year.
`Section 4. Any bill that imposes a new tax or increases the statutory rate of any tax or the aggregate amount of revenue may pass only by a two-thirds majority of the duly chosen and sworn Members of each House of Congress by a roll call vote. For the purpose of determining any increase in revenue under this section, there shall be excluded any increase resulting from the lowering of the statutory rate of any tax.
`Section 5. The limit on the debt of the United States shall not be increased, unless three-fifths of the duly chosen and sworn Members of each House of Congress shall provide for such an increase by a roll call vote.
`Section 6. The Congress may waive the provisions of sections 1, 2, 3, and 5 of this article for any fiscal year in which a declaration of war against a nation-state is in effect and in which a majority of the duly chosen and sworn Members of each House of Congress shall provide for a specific excess by a roll call vote.
`Section 7. The Congress may waive the provisions of sections 1, 2, 3, and 5 of this article in any fiscal year in which the United States is engaged in a military conflict that causes an imminent and serious military threat to national security and is so declared by three-fifths of the duly chosen and sworn Members of each House of Congress by a roll call vote. Such suspension must identify and be limited to the specific excess of outlays for that fiscal year made necessary by the identified military conflict.
`Section 8. No court of the United States or of any State shall order any increase in revenue to enforce this article.
`Section 9. Total receipts shall include all receipts of the United States Government except those derived from borrowing. Total outlays shall include all outlays of the United States Government except those for repayment of debt principal.
`Section 10. The Congress shall have power to enforce and implement this article by appropriate legislation, which may rely on estimates of outlays, receipts, and gross domestic product.
`Section 11. This article shall take effect beginning with the fifth fiscal year beginning after its ratification.'.
Still waiting for the Reid bill? As Rush is saying...there isn’t one...the Reid bill will be the Boehner bill with his ‘curlycues’ (as Krauthammer described it) on it.
The Left is already screaming about Republicans trying toruin Christmas...when the timeing for the next budget debate comes up in March of next year.
And didn’t they shove 0bamacare through on Christmas Eve, then sign the final version in March? Who the EFF do they think they’re kdding???(rhetorical question since a good portion of the dumbed down pubic will believe whatever is spoonfed to them by the media)
A shout out to the Tea Party folk in D.C. yesterday, watched some of you on Greta last night...
They should also pass a clean, 60 day extension and send it to the Senate. We can go through this every 60 days until the election. A 60 day extension is what the Dems passed in December of 2009!
Any amendment requires a 2/3 vote of both houses of Congress for approval. Tacking that onto the debt ceiling bill will just be seen as a "poison pill" designed to make it LOOK like the GOP is trying to do something, but deliberately sabotaging it. The BBA was always going to have to be passed seperately.
Boehner’s “super committee” is a joke and a fraud.
Congressional Budget and Impoundment Control Act of 1974
Balanced Budget and Emergency Deficit Control Act of 1985
Budget Enforcement Act of 1990
Balanced Budget Act of 1997.
Yep, just one more bill ought to do it.
Kick the Can Act of 2011.
Object to `Section 11. This article shall take effect beginning with the fifth fiscal year beginning after its ratification.’.
I would make it the FIRST fiscal year after ratification. The current Senate isn’t going to approve this. Nor the next one. Then it will take several years for the States to approve. By then it’s 2020 and we’re going to wait another five years? If it’s a good Amendment, it’s good ASAP.
As I read the bill this bill would allow in 2012 $270 Million more in spending, 2013 $ 299 million in spending by 2021 your spending more than 499 million how is this cutting anything when it allows the United States to spend more money??????
Article V of the Constitution specifies that if the legislatures of two-thirds of the states petition Congress for a constitutional amendment on the same subject, then Congress must call a convention for proposing that amendment. Between April 29, 1975 and January 29, 1980, 34 petitions from 30 different state legislatures were submitted to Congress on the subject of a Balanced Budget Amendment.
The participating states were Alabama, Arizona, Arkansas, Colorado, Delaware, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Louisiana, Maryland, Mississippi, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, and Wyoming.
Since 1980, two additional state legislatures have petitioned Congress for a convention for a Balanced Budget Amendment, bringing the total number of participating states to 32. If two additional state legislatures were to petition, then the required two-thirds majority of states would be reached (34 out of 50 states) and some contend that Congress would be required to call a convention to propose a Balanced Budget Amendment. In December 2008, the Ohio legislature considered making Ohio the 33rd state to petition for a convention on the subject, but decided against it.
- Add a amendment to have things balanced from now on.
- Dissolve the FED and introduce a “new” dollar backed by a national reserve of gold, silver, platinum and rare earth elements.
- Default all the current debt.
(1) A balanced budget amendment would mean that Congress would "have to" raise taxes whenever the government ran out of money.
(2) Even though we still have Fort Knox full of gold, returning to a $20/oz. standard would still leave many of our outstanding debts unfunded.
(3) Default is unconstitutional. (The 14th Amendment does NOT permit Obama to "raise the debt limit" but it does require him to pay debts.)
I recommend holding off on returning to gold until after the government gets out of the businesses of loans and insurance.
The amendment REQUIRES Congress pass a Balanced Budget Amendment to get the 2nd part of the debt increase.
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