The Question of a Balanced Budget

Critical Thinking Questions

Do you agree or disagree with this statement: β€œIt is in the best interest of our economy for Congress and the President to run a balanced budget each year.” Explain your answer.

During the Great Recession of 2008–2009, what actions would have been required of Congress and the President had a balanced budget amendment to the Constitution been ratified? What impact would that have had on the unemployment rate?