Manchin Backs Spending Caps, Balanced Budget Amendment

Senator Joe Manchin (D-WV) “on Tuesday announced his support for strict spending caps that put him at odds with his party’s leadership and President Obama,” The Hill reports.

Manchin told an audience in South Charleston, W.Va. that he would endorse the “CAP Act,” which sets a tighter spending limit than the president’s budget calls for, as well as a balanced-budget amendment to the Constitution.

The senator suggested the legislation could help Republicans and Democrats agree to a deal to raise the nation’s $14.3 trillion debt ceiling.

“Today, I will be announcing my support for two proposals that I believe provide a good starting point and framework from which we can move forward,” he said, according to excerpts of his remarks released by his office. “But let me be also clear — one of my top priorities will be to make sure that whatever final debt fix emerges, it will keep our promises to our seniors by protecting Social Security and Medicare. I believe we can do this and cut our debt and deficits over time.”

The “CAP Act,” sponsored by GOP Sen. Bob Corker (Tenn.) and Democratic Sen. Claire McCaskill (Mo.), would cap federal spending at 20.6 percent of gross national product after 10 years.

According to the Floor Action blog, Senator Corker says the White House is actively working against the spending cap proposal.

Sen. Bob Corker (R-Tenn.) said Monday the White House is calling every member of the Senate, urging them to reject the “CAP Act.”

“The White House is calling every individual senator and asking them to stay off of this bill,” Corker told the Times-News editorial board Monday while promoting his legislation. “I see it as a part of the fulcrum of this (spending) debate. I’m hoping that it passes.”

Leave a comment

Filed under Budget, Constitutional Amendment, White House

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s