balanced budget amendment
Spending-revenue equality rule
A balanced budget amendment is a proposed change to a country's constitution requiring the government to spend no more than it receives in revenue each year.
In the United States, proponents have repeatedly sought such an amendment to curb federal deficits: The balanced budget amendment failed to pass the Senate by one vote.
Critics argue it would force damaging cuts during economic downturns when deficit spending is most needed.
- fiscalOf public revenue
- fiscal responsibilityPrudent management of funds
- constitutionInherent physical or structural makeup
- constitutional conventionBody drafting founding documents
- deficitAmount still owed
national debt · red ink · spending · spending cuts · Congress · debt · ceiling · debt limit · government shutdown · austerity · ratification · surplus · taxpayer · reform · legislation · federal · mandate · caps
balanced budget amendmentdeficit spending
Expenditures funded by debt
deficit financing · fiscal stimulus · quantitative easing · emergency spending · discretionary spending
balance, balanced, balances, balancing, unbalanced, imbalance, imbalanced, budget, budgets