Over 100 members of the conservative Republican Study Committee (RSC) in the House have signed a letter to leadership requesting a “Cut, Cap and Balance” debt reduction plan. The three-step plan, the letter states, begins with a plan to cut the budget deficit in half for next year’s budget with spending cuts. The RSC proposal also seeks to institute a statutory cap on federal government spending at 18 percent of GDP and requests Congress send to the states two constitutional amendments, a balanced budget amendment, and a spending limit amendment.