Republicans should insist on a balanced budget amendment in return for agreeing to an increase in the debt limit, says Andy Roth, the Club for Growth’s government affairs vice president.
Roth kicks off an opinion column on Politico
with a scolding for reporters, saying: "First off, it’s lazy journalism to state as fact that the country will default on its obligations if the debt ceiling is reached and not increased. The Treasury still collects tax revenue and has enormous capacity to pay its debts if such an event occurs."
Roth urges Republican resolve on the issue.
“There’s a growing consensus that Republicans should demand the balanced budget amendment offered by Sen. Mike Lee, Utah, and Rep. Joe Walsh, Ill.,” Roth writes. “This pro-growth proposal caps spending at 18 percent of GDP and requires super majorities in Congress to increase spending, taxes, and future debt limits. If such a proposal were adopted, the economy would take off like a rocket ship.”
Democratic failures give Republicans an opportunity, “but only if they exhibit the courage to fight for limited government and stay true to those principles when the debate heats up,” Roth writes.
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