Rubio on a Balanced Budget Amendment

http://www.futureofcapitalism.com/2011/12/rubio-on-a-balanced-budget-amendment

Marco Rubio had an op-ed piece about a balanced budget amendment to the Constitution that "I have joined all 47 of my Senate Republican colleagues in supporting." He says it includes "a two-thirds supermajority to raise taxes, a three-fifths supermajority to increase the debt limit and a cap on all federal spending at 18 percent of gross domestic product."

Newt Gingrich and Bill Clinton were able to balance the budget without a constitutional amendment. It'd be nice if the current crop of politicians could do the same without a constitutional amendment forcing them to do so.

by Editor  |  Dec 13, 2011 at 9:22 pm Related Topics:  Politics receive the latest by email: subscribe to the free futureofcapitalism.com mailing list