This bill increased the nation's debt limit by $2.4 trillion, the largest increase in the history of the United States. In exchange for an immediate debt limit increase, the bill "promise[d]" discretionary cuts in the future. Future increased spending was assured with an immediate increase but "promised" cuts were certain to be overturned at the time. (Note: Spending cuts promised in this bill were overturned in December of 2013 with the Ryan-Murray Budget Deal). This bill passed the House 269 – 161 on Aug. 1, 2011 and was later signed into law by the president.
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Conservative position: NO