Liberals argue that the implementation of a balanced-budget amendment will neutralize federal fiscal policy, and will leave the economy susceptible to changes in the business cycle.

Question

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Liberals are against a balanced-budget amendment, as they believe it will limit the government's ability to use fiscal policy to respond to changes in the economy. Without the ability to increase spending during a recession, for example, the economy may suffer further.

Liberals Argue That the Implementation of a Balanced-Budget Amendment Will