Rick Perry & Nikki Haley Team Up to Promote the Cut, Cap, & Balance Pledge

By Eliza

Jul 14, 2011 5:22pm

ap rick perry nt 110620 wmain Rick Perry & Nikki Haley Team Up to Promote the Cut, Cap, & Balance Pledge

ABC News’ Arlette Saenz (@ArletteSaenz) reports:

In a joint op-ed titled “Break the Spend-and-Borrow Cycle” for the Washington Post today, Texas Governor Rick Perry and South Carolina Governor Nikki Haley touted their commitment to the “Cut, Cap and Balance” pledge and criticized Washington for its inability to create long term solutions to the country’s budget problems.

“At heart, the pledge represents the reality that yet another temporary fix to our nation’s budgetary woes is no fix at all. The time has come for all of us to begin holding the federal government to the same common-sense standards in place in most states, including South Carolina and Texas,” the governors wrote.

“Washington’s ability to continuously vote itself more fiscal breathing room may help Congress — at least in the short term — avoid making the kinds of tough decisions made by states, businesses and families. But ignoring economic realities will lead to even more painful choices down the road and increases the potential for a financial collapse that could permanently cost America its role as the world’s leading economic power.”

The governors applauded the accomplishments of each of their states, giving kudos to Texas for its balanced budget, hard line on taxes, hefty rainy-day fund and prioritizing funding for public schools and praising South Carolina’s efforts to hold legislators accountable for their votes on the budget and for appropriating any excess money to tax relief, debt relief or rebates to taxpayers.

In the end, they blamed the system in Washington for allowing elected officials to dig the country into deeper financial burdens.

“Unfortunately, the system in Washington makes it easier for elected officials to bury their heads in the sand, avoid responsibility and make the easiest choice of all: borrow more, plunge our nation deeper into debt and allow this generation to punt the tough decisions to our children and grandchildren.”

“Such moves may be good politics, since they mean officials don’t have to say no to anyone, but as a matter of policy they are indefensible.”

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