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(Archived document, may contain errors) 899 June 4,1992 SOLVING THE FEDERAL SPENDING CRISIS WITH A BALANCED BUDGET AMENDMENT Daniel J. Mitchell John M. Olin Fellow INTRODUCTION Congress soon will vote on an amendment to the Constitution Equiring that the fed d governm ent balance its budget each year. Unlike previous efforts to enact such an unendment, which failed to gain approval in Congress, supporters tue confident that hey have the two-thirds majority support needed in each chamber to send an amend nent to the sta tes for ratification.

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