By Alexander Bolton - 06/22/11 04:40 PM EDT
Ten Republican senators have pledged their opposition to increasing the national debt limit unless Congresses passes a constitutional amendment to balance the budget.
It’s a high hurdle because two-thirds of both chambers must approve constitutional amendments. The pledge will split the Senate Republican conference and put pressure on other lawmakers to oppose legislation to increase national borrowing authority.
The document states the signatories will oppose the debt increase unless three conditions are met: substantial cuts in spending that will reduce the deficit, the implementation of enforceable spending caps and passage of a balanced budget amendment.
The pledge specifies that the amendment must include spending limits and a supermajority requirement for raising taxes.
The signatories include Sens. Jim DeMint (S.C.), Lindsey GrahamLindsey GrahamSenators to Obama: Make 'timely' call on Afghan troops levels Senate amendments could sink email privacy compromise Trump: Romney 'walks like a penguin' MORE (S.C.), Rand PaulRand PaulOvernight Energy: Trump outlines 'America First' energy plan in North Dakota Overnight Regulation: GOP slams new Obama education rules Paul blocks chemical safety bill in Senate MORE (Ky.), Mike LeeMike LeeMeet the billionaire donor behind Hulk Hogan’s lawsuit against Gawker Overnight Cybersecurity: Guccifer plea deal raises questions in Clinton probe Senate panel delays email privacy vote amid concerns MORE (Utah), Marco RubioMarco RubioSunday shows preview: Bernie soldiers on Fla. Senate candidate bashes Rubio The Hill's 12:30 Report MORE (Fla.), James InhofeJames InhofePaul blocks chemical safety bill in Senate GOP senators propose sending ISIS fighters to Gitmo Overnight Defense: VA chief 'deeply' regrets Disney remark; Senate fight brews over Gitmo MORE (Okla.), Jerry MoranJerry MoranGOP senators propose sending ISIS fighters to Gitmo Passing the Kelsey Smith Act will help law enforcement save lives Overnight Defense: VA chief 'deeply' regrets Disney remark; Senate fight brews over Gitmo MORE (Kan.), Pat Toomey (Pa.), David VitterDavid VitterOvernight Energy: Trump outlines 'America First' energy plan in North Dakota Paul blocks chemical safety bill in Senate House Republican pushes bill to 'curb regulatory overreach' MORE (La.), and Orrin HatchOrrin HatchTen senators ask FCC to delay box plan An affordable housing solution both parties can get behind Puerto Rico debt relief faces serious challenges in Senate MORE (Utah), ranking Republican on the Finance Committee.
The lawmakers announced their support for the pledge Wednesday and see
it as the beginning of an intense campaign to get a balanced budget
amendment enacted. They argue an amendment is the only sure safeguard
against the nation racking up huge deficits in the future.
A coalition of conservative groups such as Citizens United, Club for Growth, FreedomWorks and Let Freedom Ring support the proposal.
Eleven Republicans in the House have also signed it.
Updated at 1:44 p.m.