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Boehner Plan

Boehner Plan

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Published by Andy Kroll

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Published by: Andy Kroll on Jul 25, 2011
Copyright:Attribution Non-commercial

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07/10/2013

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SPEAKER JOHN BOEHNER
TWO-STEP APPROACH TO HOLDPRESIDENT OBAMA ACCOUNTABLE
CUTS THAT EXCEED THE DEBT HIKE
CAPS TO CONTROL FUTURE SPENDING
BALANCED BUDGET AMENDMENT
ENTITLEMENT REFORMS & SAVINGS
NO TAX HIKES
 
SPEAKER JOHN BOEHNER
CUTS THAT EXCEED THE DEBT HIKE
The framework includes:
Spending cuts that would exceed the amount of theincreased debt authority granted to the President
Cut and cap discretionary spending immediately, saving$1.2 trillion over 10 years (subject to CBO confirmation)
Raise the debt ceiling by less – up to $1 trillion – toapproximately February.
 
SPEAKER JOHN BOEHNER
CAPS TO CONTROL FUTURE SPENDING
The framework imposes:
Spending caps that would establish clear limits on futurespending.
Failure to remain below these caps will trigger automaticacross-the-board cuts.
Same mechanism used in the 1997 Balanced BudgetAgreement.

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