|Rep. Bonner Supports "Cut, Cap and Balance Act"|
WASHINGTON – Congressman Jo Bonner, R-Alabama, voted for the "Cut, Cap and Balance Act" which passed the U.S. House of Representatives by a 234 to 190 margin Tuesday evening.
The House Republican deficit plan tackles America's monumental debt crisis by cutting nearly $5.8 trillion over ten years and by capping government spending to gradually reduce overall spending to less than 20 percent of the GDP over the next decade. It allows an increase in the debt limit only after the passage of a Balanced Budget Amendment.
"The debt crisis is perhaps the most significant challenge facing our generation," said Congressman Bonner. "Absent concrete steps to rein in the deficit, its impact will endure well into our children's futures, eroding their quality of life and ensuring that our country's best days are behind us. This cannot stand.
"The House is not sitting on the sidelines during the debt limit negotiations. Rather, we are taking a stand for bold action to control government overspending and putting this country back on a responsible financial path.
"The Cut, Cap and Balance Act, of which I am a co-sponsor, sends a strong message that the House is serious about addressing an unsustainable debt that threatens jobs, our economy and our nation's future."
For Release: July 19, 2011