Graham pushes 'cut, cap and balance' plan

[discocrisco01]

Source: The Hill

Sen. Lindsey Graham (R-S.C.) said he'll only vote to raise the debt ceiling if lawmakers back a House plan to cut and cap spending and pass a balanced budget amendment.

Faced with the U.S. going into default or taking up another way to increase the nation's debt limit, Graham said he intends to stick with the House proposal that cuts spending back to 2008 levels and caps the budget at 18 percent of gross domestic product.



"I'm going to focus on plan A that to me is the only plan that will work; it's the real deal not a big deal," he said Sunday on CNN's "State of the Union."

"Cut, cap and balance gets us out of debt over a long period of time," he said. "I think that's going to be the Republican position and to me it's a very sound position."



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