Rep. Steve King, one of the leading conservatives in the House, says he won’t vote for a balanced budget amendment unless it includes a cap on federal spending and requires any tax increases to be approved by a supermajority of both the House and Senate.
“If we pass something out of the House as a constitutional amendment that has no teeth, then we have no results and it looks like we’re just posturing rather than actually fixing the problem,” CNSNews.com
quotes the Iowa Republican as saying.
Under the deal that raised the federal debt ceiling this month, both chambers of Congress must vote by the end of the year on a constitutional amendment mandating a balanced budget.
But King pointed out that nothing spells out what that proposed amendment would include.
“One of the reasons I voted no on the debt ceiling deal is that it was supposed to be an important lever for us that we get a vote on a balanced-budget amendment,” King said. “They did not include a definition for the balanced-budget amendment.”
And although Republicans hold a majority in the House, King said he doesn’t think that Congress, under its current makeup, can solve the country’s fiscal problems.
“There’s nothing on the horizon I can see between now and the elections in November 2012 that will actually turn us in a sharp enough direction towards fiscal responsibility that we can dial a line out to the point where we can get to a balance,” he said.
© 2013 Newsmax. All rights reserved.