We must not default on our debt, but I am not willing to vote for any agreement that fails to permanently limit government and secure our freedoms. That is why I was one of the first to sign the cut, cap and balance pledge, why I am supporting that legislation, and why I am an original co-sponsor of a balanced budget amendment with all 46 of my Senate Republican colleagues. I first started working to achieve a balanced budget amendment in the early 1970s as a member of the Oklahoma Legislature. After 40 years of fighting this battle, now is the time to rein in our government with such an amendment. A moment for leadership has arrived. We should take advantage of it by doing the right thing. For us and for future generations, now is the time to secure our blessings of liberty. Now is the time to cut spending and balance our budget. Inhofe, R-Tulsa, is Oklahoma's senior U.S. senator.