Unit 3: Macroeconomic Policy

Lesson 13b: Other Fiscal Policy Issues and Government Debt

Something Interesting - Why are we studying this?

 

See: http://www.usdebtclock.org/

Should the federal government be forced to balance its budget to help reduce the growing $18 trillion debt?

Dangers of a Balanced Budget Amendment

"A balanced budget amendment . . . is a terrible idea. Although it sounds good in theory, requiring Congress to balance the budget each year would eliminate one of the most effective means we have of ensuring that the economy works as effectively as possible and thereby it would lower growth, increase unemployment, and cause greater levels of poverty and inequality."

 

HOME

Lesson 13b