April 20, 2016

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More than 250 National Organizations Sign Letter Opposing Balanced Budget Amendment

AASA joined more than 265 other national organizations in a letter to Congress opposing any balanced budget amendment to the United States Constitution. AASA has blogged about this effort previously, and you can refresh your memory here.

AASA remains opposed to efforts related to a balanced budget amendment to the Constitution for the damaging impacts on the economy and implications for future economic stability. As written in the letter:

A balanced budget constitutional amendment would damage the economy, not strengthen it. Demanding that policymakers cut spending and/or raise taxes even when the economy slows is the opposite of what is needed to stabilize a weak economy and avert recessions. Such steps would risk tipping a faltering economy into recession or worsening an ongoing downturn, costing large numbers of jobs while blocking worthy investments to stimulate jobs and growth and address urgent needs in infrastructure and other areas...Our Constitution has served the nation well in part because it has focused on enduring principles of government, rather than attempting to dictate fiscal policy for current and future generations. Policymakers should be providing leadership on fiscal policy, rather than avoiding doing so and seeking to cover themselves by writing a highly ill-advised, economically damaging balanced budget amendment into the Constitution.

Read the full letter.

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