Congressman J. Randy Forbes (VA-04) released the following statement upon voting in favor of the Cut, Cap, and Balance Act, which passed the House of Representatives this evening:
“There comes a moment during the debate surrounding every crisis when even the shrill voices of the participants can no longer cloak the clearness of the choices that must be made. That moment has now arisen. No nation, business, or individual can long escape the pain of spending more than it makes. While today we feel the pain of past decisions, let us have the resolve to protect our nation's future from the deception that comes with the belief that the principles of economic reason apply to everyone but ourselves.”
The Cut, Cap, and Balance Act, H.R. 2560, is a bill cosponsored by Congressman Forbes to reduce the deficit by cutting spending in Fiscal Year 2012 by $111 billion, capping future spending at 19.9 percent of gross domestic product, and requiring congressional approval of a balanced budget amendment to the Constitution prior to any agreement to raise the debt limit.