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.