U.S. Sen. Lamar Alexander on Wednesday announced he will be an original cosponsor of a balanced budget amendment to the U.S. Constitution.

“For eight years as governor, I balanced Tennessee’s budget, and other states balance their budgets—I don’t see why Washington can’t do the same,” said Alexander, a Tennessee Republican.

The second-term senator said the federal government is borrowing 42 cents of every dollar it spends, and that’s money the country dosen’t have.

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