Discuss The Pros And Cons Of The Government Balancing Its Budget

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One of the most influential topics, to me, that was discussed within Chapter 23 of the textbook was the topic about whether or not the government should balance its budget. This is always a very heated topic that is discussed throughout any congressional debate/session… whether it is a Monday, or if it is the Presidential campaign. This section declares the pros and cons behind the government balancing its budget. Under the pros, the government can either go on and pay off the debts (often with interest) or they can place the debt off for the future economists to deal with gradually. Another pro for balancing the budget is that with the increase in the debt, those future economists and other generations will have lower incomes and higher taxes.
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