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by ethbr1 47 days ago
The issue with requiring balanced budgets at the federal level is there are a number of situations where, by any economic theory, you want to run deficits.

So what you really need is an impartial Fed-budgetary-counterpart arbiter that declares when balanced budget rules are and aren't in effect.

And probably toss in what target percent of debt needs to be paid down too.

1 comments

The impartial arbiter is the voting public.
The voting public doesn't know shit about economics or budgets.