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Family Research Council, May 12, 2011 - It was only a matter of time before Congress came to blows over the debt ceiling. And this week, Speaker John Boehner (R-Ohio) landed the first punch. In a speech to the Economic Club, the Ohio leader said Republicans were drawing the line on the country's borrowing. In exchange for raising America's credit limit, the Speaker wants to take a big (think trillions) bite out of spending. Clearly, he says, the idea "struck a nerve." "The response from [Democrats] has been panic and hysteria," Boehner said. "All the gimmicks that have been used in the past have never worked. Congress has found a way to wiggle out of them."

Well, Congress would have a tough time wiggling out of the deal from the Republican Study Committee (RSC). As part of the agreement to keep America borrowing, Rep. Jim Jordan's (R-Ohio) group wants three things in return: discretionary and mandatory spending reductions that would cut the deficit in half, an enforceable cap on spending that won't exceed 18% of the Gross Domestic Product, and a balanced budget amendment. They're calling it "Cut, Cap, and Balance." FRC would add one more: Bury. Bury ObamaCare and its $3 trillion price tag. It's an ambitious plan, but that's all the more reason to pursue it. If we don't regain our financial footing--and fast--America's debt will become radioactive to every country holding it. Now is the time to cut, cap, balance, and bury. Check out the RSC's solutions here and encourage your members to sign on.

Online: Family Research Council

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Congressman Jim Jordan is Chairman of the Republican Study Committee (RSC).