House Conservatives Propose Spending Cap

Monday, 16 May 2011 01:57 PM

By Dan Weil

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink
The conservative Republican Study Committee (RSC) has promised to “cut, cap and balance” federal spending. And several members have proposed a bill to do just that, The Hill reports.

House Appropriations Committee member Jack Kingston of Georgia offered the bill Friday. It calls for a cap on spending at 18 percent of GDP. RSC Chairman Rep. Jim Jordan of Ohio endorsed the bill, and Kingston’s appropriations committee colleagues Jeff Flake of Arizona and Tom Graves of Georgia did so, too.

“It’s simple, spend what you take in,” Jordan said at a news conference Friday. “What the RSC is bringing forward is a cut, cap and balance approach. Cut spending significantly in 2012, cap spending in the mid-term, and long-term do a balanced budget that will actually be a game changer.”


© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Bernie Tiede, Convicted Murderer Mortician, to Get New Sentencing

Wednesday, 26 Nov 2014 17:39 PM

Bernie Tiede, the mortician who was convicted of killing his companion Marjorie Nugent in 1996, will receive a new sente . . .

Chrysler Pentastar Logo Getting Phased Out With FCA Formation

Wednesday, 26 Nov 2014 15:51 PM

Chrysler's iconic Pentastar logo is being phased out as the company introduces a new logo in keeping with the newly form . . .

Jian Ghomeshi: Canadian Radio Host Charged With Sexual Assault

Wednesday, 26 Nov 2014 15:16 PM

Canadian celebrity radio host Jian Ghomeshi has been charged with multiple counts of sexual assault. . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved