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A '''balanced [[budget]]''' is a budget in which receipts equal [or exceed] outlays.<ref>[http://www.senate.gov/reference/glossary_term/balanced_budget.htm] US Senate Reference</ref>

A '''balanced [[budget]]''' is a budget in which receipts equal [or exceed] outlays. Fiscal conservatives, such as [[George H. W. Bush]] favour balanced budgets, whilst more liberal polticians do not.<ref>[http://www.senate.gov/reference/glossary_term/balanced_budget.htm] US Senate Reference</ref>

==References==

==References==