– Provides two increases in the debt limit -- $900 billion and $1.6 trillion Â— totaling $2.5 trillion. It gives the President an immediate $900 billion increase given that Congress does not vote to disapprove it.
It gives the President another $1.6 trillion increase next year if a bill written by a new Super Committee passes both houses and becomes law. â– Reduces spending by only $1.2 trillion over the next ten years. This amount won't even come close to balancing the budget, as the debt is expected to grow by as much as $10 trillion over the next decade. The plan...
Please call your senators today and urge them to oppose the Boehner-Reid plan and to demand passage of the Cut, Cap, Balance Act.