Radio Made in Michigan
11:46 am
Mon January 27, 2014

MSU economist highlights drawbacks of Balanced Budget Amendment

MSU economist Charley Ballard
MSU economist Charley Ballard
Credit www.msutoday.msu.edu/

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.

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