Recently 2 members of the Wisconsin state legislature wrote about the need for a constitutional amendment...

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Economics

Recently 2 members of the Wisconsin state legislature wrote aboutthe need for a constitutional amendment to balance the U.S. federalbudget. They argued,
â€œA few days ago, the federal deficit hit $1 trillion. Thatâ€™sright, the United States spent $1,000,000,000,000 more than wecould afford in this fiscal year alone. Wisconsin families knowthat is not sustainable. We donâ€™t rack up credit cards to the max,add tens of thousands in car loans, a hefty mortgage we canâ€™tafford, and then expect our grandchildren to pay it all back.
Embedded in these 4 sentences are three (3) arguments used tosupport a balanced budget amendment. Identify the 3 arguments madein the sentences above.

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Introduction and Meaning of Fiscal Deficit Any nation is said to be in fiscal deficit when the complete consumption that it does far surpasses the income which government earns in a budgetary year At the point when this occurs government resorts to borrowing which can be from the overall population other financial institutions or different nations to fuel its budgetary necessities Small nations See Answer

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