Conservative
Type 40
Goop OP piece on the whole debt limit issue from two GOP governors...
Break the spend-and-borrow cycle - The Washington Post
Highlights...
Break the spend-and-borrow cycle - The Washington Post
Highlights...
We oppose an increase in the federal debt limit unless three common-sense conditions are met: substantial cuts in spending; enforceable spending caps to put the country on a path to a balanced budget; and congressional passage of a balanced-budget amendment to the U.S. Constitution. That amendment should include a requirement for a congressional supermajority to approve any increases in taxes.
In Texas, state leaders managed to balance the budget, hold the line on raising taxes, preserve billions in a rainy-day fund and prioritize funding for public schools. That sort of philosophy is a big reason Texas accounts for 45 percent of net U.S. job creation since June 2009, according to the Federal Reserve Bank of Dallas.
In South Carolina, for the first time in history, legislators have to record their votes on every section of the budget, so that voters can see their spending habits. And a new marker has been laid down every dollar that comes in after the budget is initially balanced should go to one of three things: tax relief, debt relief or rebates directly to taxpayers. No longer will South Carolina spend every single dollar every single year.
The only way to get the federal government to end this indefensible practice is to draw a line and finally hold Washington accountable. The pledge weve signed represents an important step in this process.
It calls for the kinds of budget cuts Washington needs now and for a hard cap on all future spending. And it finally moves us to a mandatory balanced budget that will end the era of national debt, raging deficits and failed stimulus programs that have negatively affected so many aspects of American life.