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Balanced Budget Amendment
Essay # 20109
Balanced Budget Amendment
An analysis of the balanced budget amendment as a way to force the government to balance the national budget.
1,800 words (approx. 7.2 pages) |
8 sources |
1993
From the Paper:
"In 1992, the government added another $400 billion to the national debt.. It took two centuries to accumulate $1 trillion in debt, and this debt has grown to four times that amount in just the past dozen years. Interest payments alone will take up 14 percent of the $1.5 trillion budget for 1993. A recent poll conducted jointly by ABC and the Washington Post showed 77 percent of Americans supporting a constitutional amendment to require a balanced budget..Much has been tried already. All seven of the statutory laws passed since 1978 and designed to control the deficit have failed. Sequestration, budget summits, and five-year deficit reduction plans have all been bypassed. Those who doubt the value of the balanced-budget amendment should listen to the amendment's opponents. Almost every pro-spending special..."
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APA Citation:
Balanced Budget Amendment (2012, January 15). Retrieved February 12, 2012, from http://www.academon.com/Essay-Balanced-Budget-Amendment/20109
MLA Citation:
"Balanced Budget Amendment" 15 January 2012. Web. 12 Feb. 2012. <http://www.academon.com/Essay-Balanced-Budget-Amendment/20109>
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