Some say that we should propose an amendment to the U.S. Constitution that would require balancing the federal budget every year. A balanced budget amendment is a constitutional rule requiring that a state cannot spend more than its income. It requires a balance between the projected receipts and expenditures of the government. If you were to think that this country has the freedom to just print and print money than perhaps you should take a look into this research. Balanced-budget have been added to the constitutions of most U.S. states, the Basic Law of Germany, the Hong Kong Basic Law, Spain, Italy and the Swiss Constitution. It is proposed that a balanced budget rule be added to the federal United States Constitution. Most balanced budgets make an exception for times of war, national emergency, or recession, or allow the legislature to suspend the rule by a super majority vote. Perhaps, 2001 was the last year the Clinton administration proposed the budget. Republican George W. Bush beat Clinton in 2001. The United States had a budget deficit in 2002, and it has recorded budget deficits every year since. One reason why they should propose this idea is that the federal government has to balance its budget annually, just like states and families do, unless the country is at war. A Balanced Budget Amendment is the only way we will ever tackle the growing threat caused by deficit spending, just another reasoning why we should propose the amendment. The balanced budget amendment is a proposal for an amendment to the Constitution to limit government spending to the amount of money received in revenue. The federal government would have to control spending. Supporters of a balanced budget amendment argue that respect for the Constitution will create strong political pressure to rein in deficits and impose needed accountability for irresponsible fiscal policy. Because few elected officials would be willing to face constituents with a budget that violates the Constitution, opposing parties would be forced to compromise and pass legislation that would meet the constitutional requirement. One reason on why this isn't favored is that the political pressure could lead to budget hacks and that would meet the letter, but not law. Opponents also contend that it could hamper the ability of the federal government to respond quickly and effectively to economic recessions and national emergencies.A constitutional amendment to require a balanced budget is one approach to controlling America's deficits and debt. It would focus on the "bottom line." However, that bottom line is the product of a set of complex accounting rules designed to capture the end result of a legislative process that involves many points of view about government's role and, within those roles, the nation's priorities. Deficits and debt arise in large part from the failure to achieve consensus about those issues. By itself, the amendment cannot resolve these underlying policy differences. Although a balanced budget amendment could set a standard that elected officials would not want to miss, there are also legitimate concerns about how it would operate in practice
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