Forcing a Balanced Budget Without Debt
- J.P. Prag
- Jul 23, 2021
- 1 min read
Updated: Apr 20, 2022
A Constitutional Budget (Part 1 of 3)
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.
