A balanced budget is a budget in which receipts equal outlays.[1]
Some conservatives have proposed creating a "balanced budget amendment" to the U.S. Constitution, though such an amendment would likely increase executive branch power and be ineffective.[2]
References
- ↑ https://www.senate.gov/pagelayout/reference/b_three_sections_with_teasers/glossary.htm
- ↑ Byas, Steve (April 12, 2018). House Failed Vote for a “Balanced Budget Amendment” Simply Political Theater. The New American. Retrieved April 12, 2018.