Constitutional Solutions to Our Escalating National Debt: Examining Balanced Budget Amendments

Testimony of Henry J. Aaron to the House Judiciary Committee

Henry J. Aaron testifies before the House Judiciary Committee, arguing that despite the relatively high levels of current government debt and the budget challenges that the nation faces in the future, instituting a federal balanced budget amendment would negatively impact the economy and threaten the nation's financial stability. Aaron notes five main reasons a balanced budget amendment should not be passed or implemented.

View testimony here.