WASHINGTON, D.C. – Today, Congressman Sanford D. Bishop, Jr. (GA-2), joined a bipartisan majority of his colleagues in voting in favor of the House amendment to S 365, the Budget Control Act of 2011, legislation that seeks to limit federal spending through discretionary spending caps and a balanced-budget amendment to the Constitution.
This legislation provides for $917 billion in savings over 10 years, primarily through the imposition of spending caps on discretionary spending, and it allows for a $900 billion increase in the debt ceiling. Additionally, the measure requires the creation of a joint bipartisan committee to recommend an additional $1.5 trillion in deficit reduction.
“Passage of today’s legislation will enable our country to continue to pay its bills, avoid a default crisis and maintain fundamental commitments to working American families,” said Congressman Bishop. “Moving forward, it is essential that Congress work in a bicameral and bipartisan fashion to address our nation’s impending economic and budgetary issues.”