To curb the problem of voters wanting immediate benefits and deferred costs, many state governments in the United States have

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Many state governments in the United States have passed laws requiring balanced budgets to prevent voters from demanding immediate benefits that would require deferred costs. This is done to ensure that the state's financial situation remains stable and sustainable in the long run. Making unfunded liabilities illegal or resorting to greater use of monetary policy may not address the root cause of the problem, while stopping the use of fiscal policy altogether would be impractical as it is a crucial tool for governments to manage the economy.

To Curb the Problem of Voters Wanting Immediate Benefits and Deferred