This page has been archived and commenting is disabled.

Cantor Announces House To Vote On "Cut, Cap And Balance Act" Tomorrow

Tyler Durden's picture


Just issued by Eric Cantor.

WASHINGTON, D.C. – House Majority Leader Eric Cantor (R-VA) today issued the following statement regarding the White House’s veto threat against the Cut, Cap and Balance Act:

Tomorrow, the House will vote on Cut, Cap and Balance, a common sense proposal that will cut and cap federal spending to ensure that Washington begins to live within its means and put in place a Constitutional balanced budget amendment that will make balancing our budget the rule, not the exception. No one wants to default on our debt, and that is why House Republicans are bringing forth this plan to meet the President’s request for a debt limit increase with the necessary safeguards to make sure that we don’t continue to kick the can down the road. With millions of Americans out of work, we need to get the economy growing again and control spending here in Washington, and Cut, Cap and Balance is a path forward to do just that. As President Obama has not put forth a plan that can garner 218 votes in the House, I’d caution him against so hastily dismissing Cut, Cap and Balance.”

As was announced previously this legislation will be promptly vetoed by the president, which will put America back at square zero with just 48 hours left until July 22 as of midnight tomorrow. And since this whole thing has been scripted by some B-grade hack, we expect Jack Bauer to appear sometime on Wendesday and fix everything.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 07/18/2011 - 14:36 | 1467302 the not so migh...
the not so mighty maximiza's picture

Oh man , the president is not gonna like this.

Mon, 07/18/2011 - 14:41 | 1467333 SilverRhino
SilverRhino's picture

You mean Mr Dont-Call-My-Bluff Bitch?  

What kind of fucking moron even utters a statement like that?

Mon, 07/18/2011 - 16:37 | 1467887 Clark Bent
Clark Bent's picture

In litigation, a jerkwater who is about to lose. Obama still thinks he's persuasive. He should realize he is no longer a mystery. 

Mon, 07/18/2011 - 14:50 | 1467401 Gert_B_Frobe
Gert_B_Frobe's picture

I see Oblahblah going all "german kid on the computer". Mooshell will just pass him another serving of pork rinds and grape soda comfort food to calm him down.

Mon, 07/18/2011 - 20:40 | 1468473 Zero Govt
Zero Govt's picture

Eric Cantor is a posturing narcisistic lawyer (snake oil salesman)

Posture all you like Cantor, we know you've got to bring home the bacon for your vested interests (parasites) and the only way is to rape the taxpayer now or raise the debt ceiling (ie. rape the taxpayers of the future)

you were born yesterday to think we were born yesterday and don't know you're going to raise the debt ceiling because your greedy parasites won't stop their feeding frenzy of the countries productive people is afterall their last dip at the well before your rotten self, your rotten Party and your rotten sponsors run for the hills leaving decades of debt (parsitical feeding) for others to clear up after you human criminal scum

Here's a Newsflash: we're coming after you to pay the bills you ran up... debt slave

Mon, 07/18/2011 - 14:37 | 1467304 Cognitive Dissonance
Cognitive Dissonance's picture

OK, what's the punch line?

Mon, 07/18/2011 - 14:39 | 1467314 LeBalance
LeBalance's picture

Eric is Judy?

and Teleprompter is Punch?

Mon, 07/18/2011 - 14:40 | 1467325 Sophist Economicus
Sophist Economicus's picture

The American people undergo a televised vivisection?

Mon, 07/18/2011 - 14:46 | 1467367 Cognitive Dissonance
Cognitive Dissonance's picture

Currently underway.

"Doctor, let's remove the wallet first."

Mon, 07/18/2011 - 14:38 | 1467311 Robot Traders Mom
Robot Traders Mom's picture

Nice. Cut $100 billion in spending to increase the debt ceiling by $1 trillion.


Only in America.

Mon, 07/18/2011 - 14:50 | 1467399 cougar_w
cougar_w's picture

Dude, that's like a 10:1 payoff. 

Mon, 07/18/2011 - 17:02 | 1467971 JPM Hater001
JPM Hater001's picture

10:1 Payoff in America is a deal in my book

Mon, 07/18/2011 - 18:42 | 1468244 Aductor
Aductor's picture

You got to stay leveraged. The Bernank is covering everyone's back.

Mon, 07/18/2011 - 20:11 | 1468486 Zero Govt
Zero Govt's picture

i'd say Bens posture is more the crone that bends over and takes it

(smack) "Thankyou Master, may i have another"

(smack) "Thankyou Master, may i have another"

He better get the KY out and start greasing those printing presses, the DC parasites will be along shortly with their demands to be bailed out of bankruptcy (again)

Mon, 07/18/2011 - 14:38 | 1467313 carbonmutant
carbonmutant's picture

The problem here is that Obama thinks he's president...

Mon, 07/18/2011 - 14:51 | 1467403 Long-John-Silver
Long-John-Silver's picture

The House and Senate can propose a constitutional amendment. The President has nothing to do with it and can not veto it. That said it requires a 2/3 majority in both the House and Senate to pass a proposed constitutional amendment and approved by 3/4's of the States. This can take upwards of 7 years to get an amendment passed. Even if this amendment passed all these hurdles the 7 or more years required for this procedure is going to take too long to "save" the country from default and disunion.

Mon, 07/18/2011 - 18:39 | 1468240 Buck Johnson
Buck Johnson's picture

You're correct, also there is another reason why we very rarely if ever do constitutional amendments.  It's because every tom, dick and sally will want other amendments (ban gays or whatever) to be also done at the same time.  There is to much nickle and diming that will happen if they open up that can of worms.  That July 22 date is almost here, and I truly believe that this isn't theater anymore.  I think that chicken is being played and both sides are waiting to see who will blink.  They seen Obama blink before, they believe he will blink again.  Obama doesn't want to look week on this and so is trying to look strong.  Boehner is waffling because he knows that Cantor has his eye on his job as speaker of the house.  And McConnell is a snake in the grass, he's doing everything on the senate side to try to get Obama to agree to a trick and it hasn't worked yet.

Mon, 07/18/2011 - 14:39 | 1467316 earnulf
earnulf's picture


Mon, 07/18/2011 - 14:44 | 1467319 TruthInSunshine
TruthInSunshine's picture

Jack Bauer?

Only MacGyver can fix the epic (some would say unprecedented) woes the global economy faces.

Give the man a chewing gum wrapper, paper clip, flint stone and some 12# fishing line, and kick Bernanke's ass to the curb, bitchez.


But look -

At least that's under control, and we all know how incredibly credible Freddie Mac is. /sarc
Mon, 07/18/2011 - 14:46 | 1467362 Cdad
Cdad's picture

Correct brother Truth,

The only way to fix this thing is to first remove all of the impediments to things actually getting fixed....the Bernanke, crony corporations, long time DC politicians, bankers bankers and more bankers....which means...

...this thing will not be fixed.  So we are looking at a downgrade of our debt or a debt default.  Either one of these because the parties involved will not allow anything to actually be fixed.  And additionally, I believe Obama wants a default, anyway.

So good luck with all the status quo, it is only drama, everything will be fixed by Thursday sort of call.  

**keep selling the long bond...that's the trade**

Mon, 07/18/2011 - 15:06 | 1467484 TruthInSunshine
TruthInSunshine's picture

We should have took our medicine in 2008, like David Stockman, Kotlikoff, Ron Paul and many Austrian-Schoolers did or would have advised.

It would have been better to see Goldman's, JP Morgan's, GE's, BofA's, etc, etc. etc. stocks go to $1 or $0, have a Wall Street Bloodletting in full force (i.e. let the parasitic financial sector of the economy bleed out), in order to shore up Main Street (don't believe those who claim Wall Street saves or can save Main Steet; Main Street is having its ass taxed, raped and brutalized to subsidize the parastic financial elite, hence no true recovery and a further economic degradation on the way).


We should have took our medicine and the pain back in 2008, killed off the parasites, and re-set the table for true, organic economic growth, led by Main Street.

Hank Paulson, Jamie Dimon, Bernankincide and Krugman would have been unhappy, but WTF have they done for Americans or other global citizens except inflict a death by a million paper cuts upon them (they use boxcutters and not paper, though).

Mon, 07/18/2011 - 22:11 | 1468860 Ned Zeppelin
Ned Zeppelin's picture

Absolutely 100% correct.  Goldman people junked you. 

Mon, 07/18/2011 - 23:44 | 1469080 TruthInSunshine
TruthInSunshine's picture

You know it, Ned.

Any true business person who actually works honestly, whether with his or her hands or mind, and understands even the basics as to what makes real and sustained economic growth happen, and what makes nations wealthier rather than poorer, understands that Wall Street & Financial Fixers, who now have captured government and regulators, have bled the country too far close to death, and the parasitic shock is too much.

We're past the point of no return, now.

This is why defaulting on debts and massive deleveraging is the only option now, if real economic growth independent of debt expansion and money shuffling/paper pushing is ever to be had again.

Mon, 07/18/2011 - 15:30 | 1467616 A Nanny Moose
A Nanny Moose's picture

Don't forget the Duct Tape.

Mon, 07/18/2011 - 15:44 | 1467688 SheepDog-One
SheepDog-One's picture

Housing unlikely to see double dip, because it never came out of the first dip and is still plunging.

Mon, 07/18/2011 - 14:40 | 1467322 Bay of Pigs
Bay of Pigs's picture

More Flim Flam. Hey, look over there!

Mon, 07/18/2011 - 14:40 | 1467327 sabra1
sabra1's picture

maybe they'll find cantor with his legs, arms, genitals cut off, and claim it was suicide!

Mon, 07/18/2011 - 14:41 | 1467331 bob_dabolina
bob_dabolina's picture

So any minute now we should be getting the end of the world speech/marshal law/first born children dying/etc

Mon, 07/18/2011 - 20:18 | 1468516 Zero Govt
Zero Govt's picture

Yep that scare story is for public consumption.. the GOP and Dems have long since come  to a under the table agreement that both their parasitical interests be left to feed on the carcuss of the United States of America without attempting to cut each others budgets ...hence never a balanced budget, never a budget cut, never any sanity ...just a feeding frenzy

Mon, 07/18/2011 - 21:49 | 1468788 Milestones
Milestones's picture

 It's Martial Law! I've seen this Marshal Law so many times I finally had to bring it up. No hard feelings.     Milestones 

Mon, 07/18/2011 - 14:40 | 1467332 tbone654
tbone654's picture

will the last one out... please turn off the lights?

Mon, 07/18/2011 - 14:41 | 1467335 Long-John-Silver
Long-John-Silver's picture

Beans, Bullets, and Bullion Bitchez!

Mon, 07/18/2011 - 15:48 | 1467706 DoChenRollingBearing
DoChenRollingBearing's picture

Things are speeding up.

GET MOVING on your preparations!

Mon, 07/18/2011 - 14:42 | 1467342 latizziforchizzi
latizziforchizzi's picture

Obama will probably throw another temper fit and walk out because this doesn't fit with his socialist ideaology...

Mon, 07/18/2011 - 14:53 | 1467418 Long-John-Silver
Long-John-Silver's picture

Perhaps he will get so mad he could resign and go back to Kenya. /sarc

Mon, 07/18/2011 - 15:04 | 1467486 sbenard
sbenard's picture

You didn't hear? His new middle name is Barack INSANE Obama!

Mon, 07/18/2011 - 14:44 | 1467354 Gert_B_Frobe
Gert_B_Frobe's picture

And the alphabets are scurrying to get the Dem talking points delivered so as to make tonight's evening drivel.

Mon, 07/18/2011 - 14:45 | 1467364 latizziforchizzi
latizziforchizzi's picture

How about cut $2 trillion in spending to increase the debt ceiling to $100 billion...

Mon, 07/18/2011 - 14:47 | 1467375 Everybodys All ...
Everybodys All American's picture

Bluff called Obama!

Mon, 07/18/2011 - 14:53 | 1467419 latizziforchizzi
latizziforchizzi's picture

LOL at the Jack Bauer comment. What a fucking circus act this has turned out to be.

Mon, 07/18/2011 - 14:55 | 1467425 Long-John-Silver
Long-John-Silver's picture

Where's the bread that goes with the circus?

Mon, 07/18/2011 - 15:11 | 1467531 SokPOTUS
SokPOTUS's picture

I like to munch popcorn when watching a circus.

Mon, 07/18/2011 - 14:56 | 1467431 sbenard
sbenard's picture

Barack Insane Obama is sure to veto it! Good! Then he can take the fall for the consequences!

Mon, 07/18/2011 - 14:59 | 1467458 Rockfish
Rockfish's picture

Cut the crap and bulls__t - waste of time.

Mon, 07/18/2011 - 15:00 | 1467465 Rockfish
Rockfish's picture

O thats right thats all they have to do.

Mon, 07/18/2011 - 15:02 | 1467478 angmikey
angmikey's picture

Did I miss the part where they were going to start living within their means? 10 years from now they still aren't living in their means. What a bunch of Sh*t!

Mon, 07/18/2011 - 15:06 | 1467499 Eireann go Brach
Eireann go Brach's picture

Obama can always run a lemonade stand in Kenya when this is all over, although that is doubtful!

Mon, 07/18/2011 - 15:07 | 1467503 billwilson
billwilson's picture

Cantor is half the problem ... at least.

Mon, 07/18/2011 - 18:46 | 1468254 Aductor
Aductor's picture

I can stand Boehner. Even the teleprompter at times. But this Steven Colbert impersonator...

Mon, 07/18/2011 - 15:09 | 1467508 billwilson
billwilson's picture

Cantor is half the problem ... at least.

Mon, 07/18/2011 - 20:24 | 1468534 Zero Govt
Zero Govt's picture

now, now don't blame the GOP's sock-puppet's the cunts behind the scenes with their hands up his arse doing all the bleeding dry of America

Stop Paying Your Taxes ...defund this sham

Mon, 07/18/2011 - 22:01 | 1468829 Milestones
Milestones's picture

Ultimately we either do as you suggest or there may well not be an entity that will be around to collect them.     Milestones

Mon, 07/18/2011 - 15:18 | 1467563 Burgess Shale
Burgess Shale's picture

Even if the House passes this bill the Senate won't, so Obama will never even see the bill much less veto it.


Cantor and Boehner want the vote on record for political purposes in next year's election.  On Thursday or Friday they will pass a plan that Obama can live with.

Mon, 07/18/2011 - 15:38 | 1467658 Bay of Pigs
Bay of Pigs's picture

Paging Mitch McConnell...

Our heros in the Senate will save the day.

Mon, 07/18/2011 - 22:04 | 1468840 Milestones
Milestones's picture

I presume you are jesting? Gawd please---.     Milestones

Mon, 07/18/2011 - 15:26 | 1467599 chet
chet's picture

It won't ever reach Obama's desk.

But kudos to the House GOP for actually seeing what can pass.  At least they're doing something.

Mon, 07/18/2011 - 15:51 | 1467717 DoChenRollingBearing
DoChenRollingBearing's picture

+ $1600

Nice to agree with you chet.

Mon, 07/18/2011 - 20:33 | 1468562 Zero Govt
Zero Govt's picture

Chet -  bollocks mate

where do you think half the US Govts budget goes? ...down the greedy gullets of GOP sponsors. Why do you think President 'World Peacemaker' Obumma is Pro-War here, there and every fuking where? ...because he has the same sponsors (parasites) as GOP.

there is no "effort" being made in DC, only an image-damage limitation exercise on how to keep their sponsors feeding frenzy going without piercing the rice paper thin PR veneer they're nothing but a bunch of parasitical cunts feeding on its host, the small businesses and citizens of America

each and every Senator and Congressman is a spineless sock puppet, they wouldn't be in office if they weren't utterly playable

Mon, 07/18/2011 - 15:31 | 1467620 youngman
youngman's picture

I hope it pásses and then Obama can veto it....that will be the end of his "Hope and Change"....

Then he will go around the law...."emergency" something to increase the debt....then we will have a Constitional battle upon us...that is when the House will Impeach him...and then it will get ugly in the streets where the Amish live....and I hope it does...

Mon, 07/18/2011 - 15:34 | 1467634 kito
kito's picture

"this whole thing has been scripted by some B-grade hack..."

where is the hot blonde???

Mon, 07/18/2011 - 16:24 | 1467853 JohnG
JohnG's picture

The Blowhorn.  Take your pick but Kayla is MINE bitch.

Mon, 07/18/2011 - 15:39 | 1467662 Hugh_Jorgan
Hugh_Jorgan's picture

This won't pass, and the trade-off is steep, but a balanced budget amendment would be a significant permanent step forward. Especially at this stage of the game.


Question is how big of a price will BHO pay by vetoing it if it were to make it to his desk? Queue the Propaganda Ministry (media) to diminish, demonize and deceive so that it never gets that far...

Tue, 07/19/2011 - 00:28 | 1469177 StychoKiller
StychoKiller's picture

If any balanced budget amendment proposed is longer than a single page, it'll just be more BS for the SCOTUS to rubber-stamp in some fashion detrimental to the Public!

Better idea:  repeal the 16th & 17th amendments, AND abolish the Fed and fractional reserve banking!

Mon, 07/18/2011 - 15:41 | 1467677 SheepDog-One
SheepDog-One's picture

I guess since the american people arent 'professional politicians' as Obama says and therefore pay no attention to these kind of things, we dont get to see even a single number? We just hear theres a 'plan' here, and a 'plan' over there, and how many votes theyre likely to get. 

Mon, 07/18/2011 - 22:20 | 1468883 Milestones
Milestones's picture

Old McDonald had a plan, ey ey O. With a plan plan here and a plan plan there; Here a plan, there a plan; Every where a plan plan. Old McDonald had a plan, ey ey O.   Gawd help us!!      MIlestones 

Mon, 07/18/2011 - 15:57 | 1467733 Korbin Dallas
Korbin Dallas's picture

He couldn't call it Cut the Crap

Mon, 07/18/2011 - 16:51 | 1467933 Burticus
Burticus's picture

So now the head sock puppets want an excuse to amend the Constitution they already routinely usurp and ignore, to force themselves to act responsibly for the first time ever.

They'll need to start by fishing the tattered remnants out of the Capitol commodes, wiping off the elephant & jackass $#!+ and taping them back together.

A graying emaciated rock star swearing off booze, coke and bitches would have more credibility.

Mon, 07/18/2011 - 16:53 | 1467942 Edward Fiatski
Edward Fiatski's picture

Americans sure do have a fetish for ackward Official names & acronyms. Let us hope this one has some meat - need to justify the EUR shorts. :)

Mon, 07/18/2011 - 17:19 | 1468016 JPM Hater001
JPM Hater001's picture



"As President Obama has not put forth a plan that can garner 218 votes in the House, I’d caution him against so hastily dismissing Cut, Cap and Balance.”"

Truly, if you consider this play as purely for the exposing of Barak Obama's complete lack of a leadership and fiscal acumen consider this:

The House will vote in favor because there are enough Republicans alone for it to be approved.

In the Senate Harry Reid has to bring up the vote or face an election day massacre-again.  He has no current budget plan and enough Democrats don't want to deal with the consequences of not raising the debt ceiling + critical timeline of July 22nd I predict quick passage or Reid falling on the sword since his seats not up for 5 years.

And at the 12 hour the President will sit down to this truly historic piece of legislation and alone will face the consequences of either signing or vetoing the bill in what can best be described in real terms as, "The final question of admission that Obamacare and every other social program the Democrats duped the American People into since Woodrow Wilson is a lie and utter failure."

But be sure...there will be nowhere to hide. 

Tue, 07/19/2011 - 00:30 | 1469181 StychoKiller
StychoKiller's picture

Now THAT would be some Kabuki worthy of a standing ovation!

Mon, 07/18/2011 - 18:13 | 1468173 blunderdog
blunderdog's picture

Considering how rarely the Republicans managed to achieve Congressional majorities over the past 100 years, you'd think they'd have spent some time undoing all the wasteful social spending back in the recent 'aughts instead of passing Medicare D and spending trillions on military adventures.

But here's hoping.  Maybe they'll pull it off this time.

Mon, 07/18/2011 - 20:43 | 1468249 Bobbyrib
Bobbyrib's picture

How many actors on this site constantly bash partisan arguments while touting the Republican party. It's as if pork and deficit spending weren't invented until 2009 when Obama took office.

That being said the US desperately needs to balance the budget and needs to do it ASAP. The problem is both sides have "pork" that they refuse to give up. The Democrats' pork seems to mostly consist of social programs and the Republicans' pork seems to mostly consist of "defense/offense" spending. The reason these morons can't cut spending is that no one wants to see their "pork" get slaughtered. They need to come together and cut both defense and social welfare programs to get this done. 

Mon, 07/18/2011 - 23:42 | 1469078 blunderdog
blunderdog's picture

I don't think it's that many posters, actually.  The few die-hards just post a LOT.

Mon, 07/18/2011 - 18:48 | 1468253 mynhair
mynhair's picture

Tea Party is doing good.  Their letter to the Squirrel to get specific is genius, cuz the Squirrel is a moron, and when no reply occurs, and as they have no majority to pass jack, they can vote against a debt limit raise.  Did I lose any of you morons?

Let me be clear.  Put up a plan or deal with an immediate $1.6 trillion spending cut.

So simple, even a caveman can get it.

Just was reinforced with Coburn's plan.

Mon, 07/18/2011 - 19:04 | 1468293 Bobbyrib
Bobbyrib's picture

There are* (wow, wtf happened to me?) too many politicians in this plan for it to work.

Mon, 07/18/2011 - 19:44 | 1468422 rsnoble
rsnoble's picture

Yes, let's throw grandma and the disabled under the bus, and throw everyone off employment before we have jobs.  That will surely create a sound economy.

Bull fucking shit.  Everyone that's not directly involved with Operation Global Gobble is going to get shit on. 

Tue, 07/19/2011 - 00:33 | 1469188 StychoKiller
StychoKiller's picture

SO pessimistic!  Has it occurred to you that there's big bucks in Military spending that could be cut instead?

Mon, 07/18/2011 - 19:56 | 1468456 PulauHantu29
PulauHantu29's picture

Eric is The Man!

Do NOT follow this link or you will be banned from the site!