Document Type
Article
Abstract
The 1995 Balanced Budget Amendment for is often brought up as a way to stabilize the public debt. But how would it operate, what implications would it have for U.S. public finance or macroeconomic conditions, and would it be effective at controlling whatever threat the federal debt poses? After the bill failed in 1995, two economists published opposing views on the effectiveness of the failed amendment. Examining their arguments and history, it remains unclear whether the 1995 amendment could effectively control the federal debt.
Publication Date
Spring 2013
Journal Title
Major Themes in Economics
Volume
15
Issue
1
First Page
59
Last Page
81
Copyright
©2013 by Major Themes in Economics
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Language
en
File Format
application/pdf
Recommended Citation
Harbaugh, James
(2013)
"Would the 1995 Balanced Budget Amendment be an Effective Mechanism for Stabilizing Public Debt?,"
Major Themes in Economics, 15, 59-81.
Available at:
https://scholarworks.uni.edu/mtie/vol15/iss1/7