Cato Event Podcast
Fiscal Democracy in America: How a Balanced Budget Amendment Can Restore Sound Governance
Dec 10, 2025
· 1h 3m
<p>As America’s debt climbs and the danger of a fiscal crisis grows, is it time to add a constitutional guardrail? In Fiscal Democracy in America, Kurt Couchman proposes a principles-based balanced budget amendment (BBA) to address the persistent deficits in Washington in a flexible and politically feasible manner. Marc Goldwein draws on his experience in fiscal commissions and provides a challenge to the BBA as a silver-bullet solution to America’s fiscal crisis.</p><br><p>How could a principles-based BBA work, and how would …
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