Rep. Bilirakis Applauds Announced Vote on Cut, Cap and Balance Proposal

"Cut, Cap and Balance is a strong proposal to get our debt under control and signals that we are serious about improving America's fiscal situation and changing the way Washington spends tax dollars," Bilirakis said. "With this plan, we will incorporate real spending cuts, limits on federal spending and a balanced budget amendment in order to address our debt crisis and kick start our nation's economy."

In legislative form, Cut, Cap, and Balance would make real spending cuts in FY 2012, place firm caps on future spending, and – contingent upon House and Senate passage of a Balanced Budget Amendment – allow for a debt limit increase.

Watch Bilirakis promote the plan on the floor of the U.S. House here: