A Lawmaker's Guide to Balancing the Federal Budget


 

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.