Critical perspectives on the federal budget deficit debate

While the current political process is adjusting somewhat to the problem of persistently growing federal deficits, the authors, nevertheless, argue that major constitutional and legal changes are needed. The problem is serious and the authors believe that many of the solutions advanced are not likely to be successful. However, they do offer a possible solution of their own. Airing this complex issue should help others understand the problem and the debate about possible alternative solutions.

The organization of this article stresses (1) the federal budget deficit problem, (2) major solutions advanced to meet the problem, and (3) the recommended solution of the authors.