The Balanced Budget Amendment

The Balanced Budget Amendment is a proposed change to the U.S. Constitution that would require the federal government to only spend money equal to or less than its annual revenue, preventing deficits. This means Congress would have to plan budgets carefully, avoiding excessive borrowing or accumulating debt. The goal is to promote fiscal responsibility and stability, ensuring government spending aligns with its income. While it aims to reduce national debt risks, opponents argue it could limit flexibility during economic downturns. Implementing such an amendment would require approval by Congress and states.