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The Balanced Budget Amendment: Clarifying the Arguments

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Author Info
 Buchanan, James M

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Abstract

From the perspective of a supporter, this paper responds to the several criticisms that have been raised to the proposed constitutional amendment to require budget balance. Economists have concentrated on the loss of fiscal flexibility. This objection is countered by reference to the political inefficacy of attempted budgetary manipulation. Lawyers have concentrated on problems of enforcement. This objection is countered by reference to observed respect to other constitutional rules. Copyright 1997 by Kluwer Academic Publishers

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Publisher Info
Article provided by Springer in its journal Public Choice.

Volume (Year): 90 (1997)
Issue (Month): 1-4 (March)
Pages: 117-38
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Handle: RePEc:kap:pubcho:v:90:y:1997:i:1-4:p:117-38

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Web page: http://www.springerlink.com/link.asp?id=100332

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  1. Daniel Mitchell, 2005. "Charles K. Rowley, William F. Shughart II, and Robert D. Tollison (Eds.), The economics of budget deficits. The International Library of Critical Writings in Economics 153, ed. by Mark Blaug. Cheltenh," Public Choice, Springer, vol. 122(3), pages 501-512, March. [Downloadable!] (restricted)
  2. Belén Fernández Castro, . "El Equilibrio Presupuestario: Las Restricciones Sobre El Déficit," Working Papers 30-04 Classification-JEL , Instituto de Estudios Fiscales. [Downloadable!]
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This page was last updated on 2009-11-25.

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