Rep. Steve King: Get Tough on Balancing Budget

Tuesday, 23 Aug 2011 01:59 PM

By Andra Varin

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
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.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved