Opinionated @ CFE

Balanced Budget Pitfalls

May
20

Since long before I was on this earth, politicos of all stripes have frequently talked about balanced budgets, both at the state and federal levels. Many states have adopted laws or even constitutional amendments to ensure that, unlike the feds, expenditures do not exceed revenues. In many cases, these help keep states from going gorging on debt spending. There are, however, a number of pitfalls lurking just around the corner that can thwart the intention of such laws and even serve as an impediment to sound government finances.

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