As RSC Chairman Jim Jordan and House Majority Leader Eric Cantor wrote in their USA Today op-ed today:
…Always a concern, the national debt has grown into a malignant cancer on our economy. Attacking this cancer at its root means cutting spending. If we do not, the U.S. will face a job-killing debt crisis within just a few years.
Promises, Promises - Near-term spending cuts are necessary to alter the course, but they will not be enough without long-term changes. Likewise, promises of cuts 10 years from now mean little without a way to enforce them. The only way to truly guarantee delivery from future politicians is if the Constitution demands it. That's why the House will vote next Wednesday on a balanced budget amendment that would require supermajorities in both chambers to run a deficit, raise the debt ceiling, raise taxes and spend more than 18% of GDP…
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