Pledging To Work Toward A Stronger Future

As governors of states whose citizens, like all Americans, are desperate for the restoration of fiscal responsibility in Washington, D.C., we are proud to have signed the Cut, Cap and Balance Pledge in the midst of the ongoing debate over once again raising the federal debt ceiling.

Put simply, we oppose a federal debt limit increase unless all three of the following, common-sense conditions have been met: substantial cuts in spending; enforceable spending caps to put the country on the path to a balanced budget; and Congressional passage of a Balanced Budget Amendment to the U.S. Constitution. That amendment should also include a requirement for a super-majority vote of Congressional approval before taxes are ever raised.

http://governor.state.tx.us/news/editorial/16403/