Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

DeMint: Cut, Cap and Balance Is the Best Plan DeMint: Cut, Cap and Balance Is the Best Plan

This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

Budget / BUDGET

DeMint: Cut, Cap and Balance Is the Best Plan

photo of Ben Terris
July 19, 2011

For the small-government hardliners in the tea party, the only palatable way to increase the debt ceiling is to implement the Cut, Cap and Balance Amendment. And tea party-favorite Sen. Jim DeMint, R-S.C. agrees.

In an op-ed for USA Today, DeMint says the amendment is the “only way we can guarantee that Washington will stop spending more than it’s taking in and avert the coming debt crisis.”

Cut, Cap and Balance does what it says. It allows for an increase in the debt limit on three conditions: the budget must be cut next year; there must be a spending cap over the next decade at historical averages; and there must be a constitutional amendment sent to the states to force Washington to balance the budget.

 

The proposal may pass in the House this week, but would certainly be dead on arrival in the Senate. Still, bringing the amendment to the floor may pave the way for House Republicans to eventually support a Plan B, most likely one being crafted by Senate Majority Leader Harry Reid, D-Nev., and Senate Minority Leader Mitch McConnell, R-Ky.

DeMint, however, says that President Obama's proposal and the Reid-McConnell plan, which would give the president more power to raise the debt ceiling on his own, are both unacceptable.

“The 'big deal' that President Obama is seeking never balances the budget; it simply makes the debt bigger,” he writes. “It actually spends $6 trillion in new debt over the next decade and contains no long-term spending reforms. Worse, the new 'fallback plan' being discussed by Senate leaders gives the president a blank-check debt limit increase with the fig leaf of another commission that will be ignored like the last one.”

Job Board
Search Jobs
Biomedical Service Internship Position
American Society of Civil Engineers | Flint, MI
Fire Sprinkler Inspector
American Society of Civil Engineers | Charlotte, NC
Professional Development Program Engineer
American Society of Civil Engineers | Farmington Hills, MI
Deputy Director of Transit Operations
American Society of Civil Engineers | San Jose, CA
Transportation Planner
American Society of Civil Engineers | Salinas, CA
Assistant Professor - Water Resources/Ecological Engineering
American Society of Civil Engineers | Auburn, AL
Product Manager - Chemical Development and Supply - Tulsa, OK
American Society of Civil Engineers | Tulsa, OK
Commissioning Intern
American Society of Civil Engineers | Chicago, IL
Assessment and Remediation Team Lead
American Society of Civil Engineers | Regina, SK
Business Development Manager
American Society of Civil Engineers
Sr. Controls Systems Engineer
American Society of Civil Engineers | Grand Island, NE
Senior Project Manager- Transportation
American Society of Civil Engineers | San Antonio, TX
Materials Engineer 2
American Society of Civil Engineers | IL
Land Surveyor
American Society of Civil Engineers
Quality Engineer
American Society of Civil Engineers | Attica, IN
 
Comments
comments powered by Disqus