Balanced Budget Amendment: Cut Spending Later, Cut Spending Now

Two key principles should govern congressional consideration of an amendment to the U.S. Constitution that requires the federal government to balance its budget. The first principle is that a Balanced Budget Amendment (BBA) is important to help bring long-term fiscal responsibility to America’s future when the BBA takes effect after ratification by three-quarters of the state legislatures; it is equally important for Congress to cut spending now to address the current overspending crisis. The second principle is that an effective BBA will include three elements to: (a) control spending, taxation, and borrowing, (b) ensure the defense of America, and (c) enforce the requirement to balance the budget.

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