Daddy's gonna cut off the kid's allowance. Awwwww poor babies... -Cameron
On Wed, Jul 13, 2011 at 9:39 PM, Jerry Barnes <critic...@gmail.com> wrote: > > Groups unite against balanced-budget amendment from GOP > > Excerpt: > > Hundreds of labor organizations, human rights promoters and other advocacy > groups are uniting to try and kill the balanced-budget amendment that > Republicans plan to bring up for a vote next week. > > In a letter sent to every member of Congress, the coalition of 247 > organizations warned that requiring the federal government to cap and > offset > its annual spending is a recipe for economic disaster, particularly in lean > times when the government is often the spender of last resort. > > ... > > Groups signing the letter include the AFL-CIO, the NAACP, the National > Organization for Women and the Center on Budget and Policy Priorities, a > liberal policy shop. > > ... > > Sponsored by GOP Reps. Bob Goodlatte (Va.) and Joe Walsh (Ill.), the > Republicans' balanced-budget proposal consists of three central provisions. > First, it would require Congress to pass a balanced budget each fiscal > year. > Second, it would cap federal spending at 18 percent of the gross domestic > product. And third, it would require a two-thirds majority in both chambers > to increase taxes, and a three-fifths majority to raise the debt ceiling. > > Supporters say it's necessary to rein in soaring deficits and chip away at > the nation's $14.3 trillion debt. > > > Read more here: > > http://thehill.com/blogs/on-the-money/budget/171351-more-than-200-groups-unite-against-gops-balanced-budget-amendment > > J ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:340379 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
