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Fri February 15, 2013
Enzi supports balanced budget requirement
Sen. Mike Enzi is supporting the idea of a constitutional amendment requiring a balanced U.S. budget.
He's co-sponsoring a bill that would make a balanced budget a constitutional requirement.
Enzi says it's the only solution to solving the nation's fiscal mess.
The Balanced Budget Amendment would restrict Congress from spending more than federal revenue in any fiscal year and would limit spending to 18 percent of the gross national product.
Congress could only increase the debt, raise taxes or run a deficit if two-thirds of both the U.S. Senate and House vote in favor.
During times of war there would be certain exceptions.
Any proposed constitutional amendment would be subject to ratification by the states.