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Balanced Budget Amendment Summary
Consensus Balanced Budget Amendment Presidential Requirement to Submit a Balanced Budget Prior to each fiscal year, the President must transmit to Congress a balanced budget that limits outlays to 18 percent of GDP. Requirement to Pass a Balanced Budget With the following limited...
External Resources
The Chicago Tribune offers a series of incredibly illustrative and depressing charts, under the headline ‘a Tsunami of Red Ink’ Economist and columnist Robert Samuelson argues that no one is asking the critical questions: how much should the government spend, and how can we balance the budget. External resources: Balancing...