Question

What is the purpose of a balanced budget amendment to the US constitution?

O The amendment would forbid Congress from increasing taxes until spending is cut to a reasonable rate.
O The amendment would require the US government to spend no more than it collects in taxes and other revenues, excluding
borrowing.
O The amendment would force
Congress to cut entitlement spending until the federal debt is gone.
O The amendment would give states the opportunity to cut spending
in order to balance the federal budget.

Answer 1

The purpose of a balanced budget amendment to the US constitution is to require the US government to spend no more than it collects in taxes and other revenues, excluding borrowing. This means that the government would be required to balance its budget each fiscal year, without running a deficit. The goal of such an amendment is to promote fiscal responsibility and prevent the government from accumulating excessive levels of debt, which could have negative consequences for the economy and future generations.

- The amendment would require the US government to spend no more than it collects in taxes and other revenues, excluding borrowing.

Answer 2

Sen. Lee's amendment would force Congress to balance its budget each year, limit spending to no more than 18% of GDP, and require a supermajority vote in both the House and Senate before raising taxes or increasing the nation's debt ceiling