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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

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Language

EN

File Format

application/pdf

Included in

Economics Commons

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