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The Threat of a Constitutional Convention to Enact a Balanced Budget Amendment

September 22, 2017 — A national effort is underway to pass state resolutions calling for a Constitutional convention to reduce the authority and powers of the federal government, including a balanced budget amendment. While the intended goals of this effort are to limit federal spending and bolster the U.S. economy, economists overwhelmingly believe a balanced budget amendment would weaken the economy, especially during economic downturns, and lead to severe spending cuts in key areas – such as education, social security, and healthcare.