© 2024 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

MSU economist highlights drawbacks of Balanced Budget Amendment


Current State's discussion on a proposed Balanced Budget Amendment continued with MSU economist Charley Ballard.Ballard says in a recession, people lose their jobs. People who lose their jobs don't pay as much in taxes. That would mean, he argues, that with a requirement to balance the budget, the federal deficit would go up, not down.

Related Content
Journalism at this station is made possible by donors who value local reporting. Donate today to keep stories like this one coming. It is thanks to your generosity that we can keep this content free and accessible for everyone. Thanks!