Advancing a Free Society

Quick summary of the Budget Control Act

Monday, August 1, 2011

This is the first of three posts on the bill agreed to by the President and the bipartisan bicameral leaders of Congress (Speaker Boehner, and Leaders Reid, McConnell, and Pelosi). The bill is called the Budget Control Act of 2011.

The two other posts are:

  1. Understanding the Budget Control Act; and
  2. Strategic analysis of the Budget Control Act.

The “understanding” post covers in some detail a few critical details for insiders and experts. The strategic analysis post tries examine how this deal came together and what might result from it this fall.

Preliminary sources:

Everything below assumes the new Budget Control Act of 2011 bill passes the House and Senate and is signed into law by the President.

I’m going to try to be neutral in this description and put my analysis in a separate post.

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