Congressman Dan Benishek says he has signed the “cut, cap, balance” pledge.
It calls for three fiscal reforms prior to any increase in the federal debt limit.
The pledge is sponsored by a coalition of fiscally conservative advocacy groups with the goal of reducing federal spending.
It involves three components.
‘Cut’ means substantial cuts in spending that will reduce the deficit next year and thereafter.
The ‘cap’ element means enforceable spending caps that will put federal spending on a path to a balanced budget.
The ‘balance’ element involves Congressional passage of a balanced-budget amendment to the U.S. Constitution, but only if it includes both a spending limitation and a super–majority for raising taxes, in addition to balancing revenues and expenses.