Lisa Miller's Blog Posts Tagged 'Budget Control Act' (2)

Yesterday, the President signed into law the Budget Control Act of 2011, which provides for a total debt ceiling increase of between $2.1 trillion-$2.4 trillion, sets ten-year caps on discretionary spending, creates a Joint Select Committee on Deficit Reduction, and requires both houses of Congress to vote on a Balanced Budget Amendment. Below are key dates to keep in mind with regard to the legislation:

August 16, 2011:…

The Budget Control Act increases spending, opens us to more taxes, increases debt AND may take away our Representative Government through a "Super-Majority" committee which has more rights and responsibilities than our Representatives and hence we have possibly unequal representation as voters and citizens. The later idea should be explored though, if true, can't be addressed in a timely fashion.

Here is the Bill. The description of the Select Committee begins on page 51. What do you…