Rep. Chris Van Hollen on 'Cap, Cut and Balance'

Monday, July 18, 2011

Speaker of the House Nancy Pelosi (D-CA) (L) and Democratic Congressional Campaign Committee Chairman Rep. Chris Van Hollen (D-MD) pose for photographers on November 2, 2010 (Chip Somodevilla/Getty)

With just over two weeks left until the August 2 deadline to raise the debt ceiling, Congress is expected to vote on the Republican "cap, cut and balance" plan, which would cut spending and raise the debt ceiling, while amending the Constitution to require a balanced budget. And while the measure may pass in the House, few expect it to get through the Senate. 

Rep. Chris Van Hollen of Maryland, the ranking Democrat on the House Budget Committee, responds to the Republican "cap, cut and balance" plan.

Comments [2]

Andrew

@listener,

You're worried about what Moody's thinks? The same Moody's that rated Lehman AA right before it declared bankruptcy?

You worry about what the CBO has to say, when Elmendorf cut his teeth under Greenspan and Summers? The CBO are simply not believable.

There is no evidence - NONE - that cutting the deficit is necessary or will help anyone. It's about people isn't it? Oh wait, it's about numbers, people be damned.

Jul. 18 2011 12:33 PM
listener

"Nothing" is what was offered for two years by the Democrat leadership who submitted no budget when they spent more than any other time in US history and derided and defamed their opposition who warned of the crisis that we are faced with today. This is not about playing cute political games of give and take but preventing economic collapse which is what Moody's and the CBO are forecasting. Raising the debt ceiling is the easy part which has been done several times in the past and Sen. Obama has voted against. The real challenge is massively cutting the debt to save the economic health of the nation and the Democrats are cynically seeking political advantage from a crisis they themselves created.
The Democrats could have raised taxes and the debt ceiling last year but their goal is to share the financial mess they created with the Republicans and split their party. This is the only was a President with a horrid economic record could hope to be re-elected in 2012.

The President who gave us a farcical budget that was defeated in the US Senate 97-0 and ignored the advice of his own deficit commission is now at the last moment proposing a $4 trillion "grand bargain" of cuts that offer no details or specifics in writing? When will the media do its job and call his bluff?

Jul. 18 2011 08:11 AM

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