Senate Minority Leader Mitch McConnell (R-Ky.) announced moments ago that all 47 Senate Republicans co-sponsored a balanced budget amendment to the Constitution.
As Human Events reported Thursday:
The key provisions of the new balanced budget amendment (BBA) are: Congress must pass a balanced budget; the President has to submit a balanced budget; spending is capped at 18% of the Gross Domestic Product (GDP); “supermajority” vote (two-thirds of House and Senate) to raise taxes; and “new supermajority” vote (three-fifths of House and Senate) to raise the debt ceiling.
