RICK PERRY AND NIKKI HALEY: Break The Spend-And-Borrow Cycle. “We oppose an increase in the federal debt limit unless three common-sense conditions are met: substantial cuts in spending; enforceable spending caps to put the country on a path to a balanced budget; and congressional passage of a balanced-budget amendment to the U.S. Constitution. That amendment should include a requirement for a congressional supermajority to approve any increases in taxes.” Nice to see the GOP’s 2012 ticket finally weighing in. . . .