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Policy Brief 162
Center for the Study of American Business (CSAB), Washington University in St. Louis, St. Louis, MO 63130
The idea of a balanced budget is a fine start on the path towards governmental fiscal stability. The much harder task comes in identifying the specific spending cuts that should be made and attracting sufficient public support for such tough action. Currently, powerful interest groups are able to push very hard for the particular spending programs that benefit them. One solution to this problem would be to refer budget cuts to a bipartisan, blue-ribbon commission. Congress would then be required to vote up or down on the entire package, without opportunity to make exceptions for specific programs.
Budget Cuts, Fiscal Stability, Blue-Ribbon Commission, Congressional Spending
Economics | Public Policy
Weidenbaum, Murray L., "Needed: An Armey Commission on the Budget", Policy Brief 162, 1995, doi:10.7936/K7JH3JC2.
Murray Weidenbaum Publications, http://openscholarship.wustl.edu/mlw_papers/140.