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Publication Date: June 1992
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Scott A. Hodge
Research Area: Banking and finance
Keywords: Budget
Type: Report
Coverage: United States
Abstract:
The failure of Congress and the Bush Administration to get America’s fiscal house in order deepened the recession and has led to a budget deficit this year of nearly $400 billion. The American people understandably now treat Washington with deep disgust and cynicism. A constitutional amendment to balance the budget would help restore growth to the economy and confidence to the consumer and taxpayer.