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Facts only please  
TX  
July 19, 2011 7:57am
 
The Center on Budget and Policy Priorities’

The “Cut, Cap, and Balance Act” that the House of Representatives will vote on week stands out as one of the most ideologically extreme pieces of major budget legislation to come before Congress in years, if not decades. It would go a long way toward enshrining Grover Norquist’s version of America into law. It is so extreme that even the budget plan of House Budget Committee Chairman Paul Ryan would not fully satisfy its requirements -- the Ryan plan’s budget cuts wouldn’t be severe enough.

The bill also would threaten the U.S. government with default and would likely cause the loss of roughly 700,000 jobs in the year ahead. In addition, the bill would target programs for the poor for cuts, while protecting tax breaks for the wealthy and powerful.
     
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