To eliminate deficit spending and reduce public debt, some politicians and economists have proposed a Constitutional amendment requiring a balanced federal budget.

In your initial post to this discussion, respond to each of the following prompts based on what you've learned in this module about deficit and debt.

• What present and future benefits might result from an amendment requiring that each year's budget be balanced?
• What limitations or costs might result from such an amendment?
• Describe alternative legislation that might eliminate chronic deficits but have more desirable effects on the economy.