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  • Boehner Won't Rule Out 'Balanced Budget Amendment' That Permits Unlimited Federal Spending

    10/27/2011 4:03:18 PM PDT · by neverdem · 42 replies
    CNSNews.com ^ | October 27, 2011 | Matt Cover
    House Speaker John Boehner (R-Ohio) indicated at a press briefing Thursday that the House Republican leadership is not ruling out the possibility that it will support a balanced budget amendment that does not cap federal spending as a percentage of Gross Domestic Product or require a supermajority in Congress to increase taxes. The legislation to increase the federal debt limit--that Boehner negotiated with President Barack Obama in August--requires both houses of Congress to vote on a balanced budget amendment before the end of the year. However, the legislation does not specify what type of balanced budget amendment must be considered...