Chapter 12 - Assignment 4: Balanced Budget Amendment: Pro and Con

1. Compare and contrast the arguments on both sides concerning:
   • whether politicians will balance the budget without a constitutional amendment;
   • the impact of a balanced budget amendment on discretionary fiscal policy;
   • the destabilizing effect of requiring an annually balanced budget; and
   • the cost of having a deficit.
2. Which arguments did you find most compelling? Why?