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The Balanced Budget Amendment: Clarifying the Arguments

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  • Buchanan, James M

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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Bibliographic 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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Cited by:
  1. Vanberg, Georg, 2011. "Substance vs. procedure: Constitutional enforcement and constitutional choice," Journal of Economic Behavior & Organization, Elsevier, vol. 80(2), pages 309-318.
  2. Belén Fernández Castro, . "El Equilibrio Presupuestario: Las Restricciones Sobre El Déficit," Working Papers 30-04 Classification-JEL , Instituto de Estudios Fiscales.
  3. Buti, M. & Eijffinger, S.C.W. & Franco, D., 2003. "Revisiting the Stability and Growth Pact: Grand Design or Internal Adjustment?," Open Access publications from Tilburg University urn:nbn:nl:ui:12-176184, Tilburg University.
  4. 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.

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