[Principled]

And what’s the penalty if congress doesn’t reach an agreement on a balanced budget?

In CCB, spending is capped to avoid the simple politician's move to raise taxes. In CCB, if no agreement is reached to balance, automatic across-the-board cuts take place to reach balance.

I don't know what this most recent incarnation has in it yet.

[RitaOK]

In CCB, spending is capped to avoid the simple politician’s move to raise taxes. In CCB, if no agreement is reached to balance, automatic across-the-board cuts take place to reach balance. <<<<

It’s very hard to wave goodbye to the CC&B, and agonizing that we let Reid’s rejection of it cause us to also leave it in the can. How long can they all pound the sand?