Constitution / Economy / Fiscal policy / Politics

Swiss-tested, Keynes-approved: Switzerland’s debt brake as a model for the U.S.

By Will Portman Critics of a balanced budget amendment (BBA), such as the Center on Budget and Policy Priorities (CBPP), argue that a BBA would “mandate perverse actions in the face of recessions” and thus “aggravate recessions.” And they’ve got a point — at least about a BBA that would mandate that the budget be balanced … Continue reading