In a cyclically balanced budget approach to federal finance

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In a cyclically balanced budget approach, surpluses from economic expansions are used to cancel out deficits from economic downturns, resulting in a balanced budget over time. This approach recognizes that the economy goes through natural cycles and adjusts government spending accordingly. It does not necessarily balance the budget over a specific time period, such as a presidential term.

In a Cyclically Balanced Budget Approach to Federal Finance