Jim DeMint I will oppose any attempt to vote to raise the limit on our $14 trillion debt until Congress passes the balanced budget amendment. PODCAST

Jim DeMint The Don and Roma Show" on WLS, MP3 for PODCAST 4/18/11



"The debt ceiling is a law that keeps us from spending more than we're bringing in, at least indefinitely. We waived that law 10 times in the last 10 years and this is the fourth time President Obama has asked us to waive the law not to borrow more money. We have got to stop,"

By Senator Jim DeMint All Rights Reserved

U.S. Senator Jim DeMint (R-South Carolina), chairman of the Senate Steering Committee, made the following remarks in response to the President’s latest budget speech: “The President made it absolutely clear today that Democrats will cling bitterly to deficit spending until our nation is bankrupt. After offering an unserious budget just a few months ago, the President offered new platitudes but the same old policies.

He’s still pushing for trillion dollar tax increases that would destroy jobs and cripple our economy. He still wants to add trillions in new spending to our $14 trillion mountain of debt without a credible plan to ever balance the budget. This failed tax & spend Democrat agenda stands in stark contrast to the serious and detailed plans that Republicans have offered to save entitlement programs before they go bankrupt, cut wasteful Washington spending, and reform our tax code so our economy can grow and create jobs. The President admitted we have a spending problem, but his solution is always the same: spend more, tax more, borrow more. Americans have rejected this failed Democrat spending agenda, and Republicans will continue to lead the way back to American prosperity.

“Every Senate Republican supports a balanced budget amendment that would end our dependence on foreign borrowing by lowering spending, not raising taxes. I will join with Republican colleagues to demand passage of the balanced budget amendment before a vote to raise our debt ceiling. The balanced budget amendment is the only way to force President Obama and Democrats to stop the rhetoric and get serious about tackling our out of control spending and debt.”

All 47 Senate Republicans recently cosponsored the balanced budget amendment that limits government spending to 18 percent of the gross domestic product, the average rate of tax receipts since World War II, and requires a two-thirds majority to raise taxes.

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AUDIO CREDIT: WLS 890AM

TRXT CREDIT: United States Senator Jim DeMint

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Jim DeMint on Tax Debate, Debt Commission & START Treaty VIDEO

Sen. Jim DeMint (R-S.C.) speaks with the CBS Early Show about the debt commission, the tax debate, and his opposition to the START Treaty:

Here's a quick summary of the tax debate discussion, as reported by KSRO Newstalk 1350:

A leading Senate conservative says he believes President Barack Obama is ready to embrace the notion of keeping Bush era tax rates in place for everyone, including the wealthy, with no New Year's increases.

Republican Sen. Jim DeMint tells CBS's "The Early Show" he wants to "keep tax rates the same." The South Carolinian said he believes Obama "has come around to the idea" that taxes can't be raised in hard economic times.

DeMint favors a permanent extension of the existing rates but said he thinks Obama will oppose anything beyond a temporary extension for the wealthy. The senator said, "A business is not going to plan to add 50 people if they only know what their taxes are going to be for the next two years."

TEXT CREDIT: United States Senator Jim DeMint

VIDEO CREDIT: SenJimDeMint

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