Many state and local governments in the U.S. have balanced-budget laws in order to prevent politicians from:

Question

Quizplus · Accepted Answer

Balancing the budget is an important principle of responsible fiscal management, and it is important that governments do not simply spend beyond their means. However, balanced-budget laws are often motivated by a desire to prevent politicians from overspending in order to win votes. By requiring the government to balance its budget each year, these laws make it more difficult for politicians to promise popular programs and then finance them through borrowing. As a result, balanced-budget laws can help to discourage politicians from succumbing to voters' strong preference for budget deficits.

Many State and Local Governments in the U