Obama officially threatens to veto 'Cut, Cap and Balance'

http://thehill.com/homenews/administration/171997-obama-officially-threatens-to-veto-cup-cap-and-balance ^

[kcvl]

The White House on Monday warned President Obama will veto GOP legislation to “Cut, Cap and Balance” spending and the budget.

In a statement of administration policy, the White House Office of Management and Budget labeled the GOP bill as an “empty political statement.”

The House Rules Committee is expected to take up the measure on Monday, and it is likely to receive a floor vote on Tuesday. The measure would cut spending in Fiscal Year 2012 by $111 billion, cap future spending at 18 percent of gross domestic product and approve a balanced budget amendment to the Constitution. It would also raise the debt limit.

The administration said the measure, which is not expected to move through the Senate, is unnecessary and unrealistic.

“Neither setting arbitrary spending levels nor amending the Constitution is necessary to restore fiscal responsibility,” the White House said in its statement. “Increasing the federal debt limit, which is needed to avoid a federal government default on its obligations and a severe blow to the economy, should not be conditioned on taking these actions. Instead of pursuing an empty political statement and unrealistic policy goals, it is necessary to move beyond politics as usual and find bipartisan common ground.”

Republicans are rallying around the measure as their answer to the debt talks as negotiations between the administration and congressional leaders have stalled.

[newzjunkey]

Cut, Cap & Balance bill: HR 2560 (PDF)

Balanced Budget Amendment HJ RES 56 (same as SR RES 10)

HJ RES 56 Joe Walsh sponsors with 59 co-sponsors include Issa, McClintock, Pence, West and Wilson

Michele Bachmann is AWOL.

SR RES 10 Hatch sponsors with 47 co-sponsors. It looks like all GOP senators on board including squishy types like Brown, Collins, Graham, Lugar, McCain and Snowe.

[Principled]

But but but it will be armageddon.

Pffffffft

[Batrachian]

"The administration said the measure, which is not expected to move through the Senate, is unnecessary and unrealistic."

What, then, is there for Odumbo to veto? I realize that he doesn't know anything about the constitution, and wouldn't care if he did, but this is ridiculous, or rather, it's an empty political statement.

[RonF]

Not 2/3. You need 3/4 of the States to approve an amendment.

[4Liberty]

[Verginius Rufus]

The threat is meaningless since the Senate will never accept the House bill--the Democrats are in control there. The President can veto a bill only after it has been passed by both houses.

Not that you could expect Obama to know the fine points of the Constitution, even if the University of Chicago Law School was pressured into hiring him as an adjunct to teach the subject. Supposedly he spent the class periods talking about basketball.

His nominee Richard Cordray is a product of the University of Chicago Law School (afterwards clerking for Byron White).

[eyedigress]

Veto everything you waste of space. America is not a job you asshole. It is a system where we get through the problems of all times. We`have the freedom. Take that away and it could be trouble.