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The Balanced Budget Proposal: Some Macroeconomic Implications (CRS Report for Congress)

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Release Date July 29, 1985
Report Number MB79229
Authors John B. Henderson
Source Agency Congressional Research Service
Summary:

This brief report outlines some possible macroeconomic implications of observing a statutory or constitutional commitment to balance the Federal budget. It does not address the legal questions about the proposal or their implementation, nor the economic and political questions related to decisions about the level of Federal revenues or expenditures. On the latter, its analysis refers to revenue and expenditure levels, in relation to total national product, typical of recent years.