Testimony Constitutional Solutions to Our Escalating National Debt: Examining Balanced Budget Amendments
Testimony of Henry J. Aaron to the House Judiciary Committee
Henry J. Aaron
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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.
Research Areas Taxes and budgets
Tags Federal budget and economy
Policy Centers Urban-Brookings Tax Policy Center