Sen. Mike Johanns has thrown his support to adding a balanced budget amendment to the United States Constitution.
Johanns, a Republican, says Congress and President Obama need to get serious about addressing the nation’s fiscal problems.
“It’s time that we work together, that he work with Congress, including both sides of the aisles,” Johanns tells reporters during a conference call. “I think if we sat down to do that, we can hopefully start solve some problems.”
Johanns acknowledge it’s a drastic step, yet insists it’s one that has to be taken.
“I never take amending the Constitution lightly. However, given financial straits that we find ourselves in, I believe that this is a course of action to insure our country remains prosperous, not only now, but for generations to come.”
The amendment would limit federal government spending to 18% of the Gross Domestic Product. It currently stands about approximately 23% of GDP. In addition, it would require a super-majority vote for Congress to raise taxes or increase the debt limit.
If Congress would approve a balanced budget amendment, which seems highly unlikely, it still would have to be ratified by the states to become part of the Constitution.
AUDIO: Sen. Mike Johanns discusses his support of a balanced budget amendment to the Constitution. [2 min.]