Manchin says he backs spending cap 

Sen. Joe Manchin, D-W.Va., has come out in favor of capping spending in exchange for his vote to raise the debt limit, the Hill reports.

With his endorsement, Manchin joins with fellow Democrat Claire McCaskill, D-Mo., who earlier this year co-sponsored a bill with Sen. Bob Corker, R-Tenn.,  that would cap spending at 20.6 percent of GDP after 10 years.

Under Rep. Paul Ryan's budget plan, debt as a percentage of GDP would shrink from 24.1 percent in fiscal year 2011 to 19.9 percent by fiscal year 2021. It would continue to decline in the following decades.

The Senate GOP's Balanced Budget Amendment proposal seeks to cap spending at 18 percent of the GDP.

Numbers aside, it is telling that Democrats who are up for reelection in vulnerable seats such as Manchin and McCaskill are embracing spending caps.

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