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Michele Bachmann vows she'll submit only balanced budgets if elected president

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Bachmann signed a so-called "cut, cap and balance" pledge during a campaign stop in South Carolina.

michele bachmannRepublican presidential candidate, Rep. Michele Bachmann, R-Minn., boards her bus after speaking at a backyard chat with local residents, Wednesday, July 20, 2011, in Norwalk, Iowa.

NORWALK, Iowa — Republican presidential candidate Michele Bachmann says she will submit only balanced budgets if she's elected next year.

But Bachmann won't promise that she'll veto deficit budgets if Congress sends them to her desk.

Bachmann spoke Wednesday during a campaign event in Iowa.

On Monday, she signed a so-called "cut, cap and balance" pledge during a campaign stop in South Carolina. The pledge says the federal government should not borrow more unless there are immediate spending cuts, enforceable spending caps and Congress passes a constitutional amendment to balance the federal budget.

Bachmann had previously said she wouldn't sign the pledge because it didn't go far enough in dealing with the national debt.

Eight other presidential candidates have signed it.


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