Cut, Cap, And Balance Bill

The Cut Cap And Balance Bill is an inadequate way to deal with a recession. It does however satisfy the GOP interest in reducing millions of more people into poverty.

Reuters: Cut, Cap And Balance Bill: Latest Republican Plan Could Lead To Debt Ceiling Compromise

Economists say a balanced-budget requirement would tie the federal government's hands during a recession, when tax revenues plummet and welfare costs rise, by forcing it to slash spending or raise taxes.