Some Republicans in Congress don’t want to sign on to an increase in the debt ceiling unless it is accompanied by a balanced-budget amendment. One Republican who no longer is in Congress, former New Hampshire Sen. Judd Gregg, disagrees.
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| Judd Gregg |
“Don’t make the perfect the enemy of the good,”
Gregg writes in The Hill.
“One of the best ways to guarantee that there will not be a balanced budget or a fiscally responsible initiative is to condition action on a debt-ceiling increase on passage of a constitutional amendment requiring a balanced budget.”
It is highly unlikely that a balanced-budget amendment will make it through the hurdles of a 60 percent majority in the House and Senate, not to mention ratification by 37 states, Gregg notes.
“Does anyone really believe this is a viable option when the threats we face from excessive spending, deficits, and debts mount on a yearly basis at astronomical rates?”
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