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  • Writer's pictureJ.P. Prag

Forcing a Balanced Budget Without Debt

A Constitutional Budget (Part 1 of 3)

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Key Points

  • First and foremost, a set of Amendments are needed to force Congress to pass a budget before the fiscal year begins.

  • That budget must be balanced such that expenses cannot exceed revenues from the prior fiscal year.

  • Debt should not be used to finance the operating budget; debt should only be taken on in emergency situations as declared by the President or war declared by Congress.

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