Describe alternative legislation that might eliminate chronic deficits but have more desirable effects on the economy.

To eliminate deficit spending and reduce public debt, some politicians and economists have proposed a Constitutional amendment requiring a balanced federal budget.In your initial post to this discussion, respond to each of the following prompts based on what you’ve learned in this module about deficit and debt.What present and future benefits might result from an amendment requiring that each year’s budget be balanced?What limitations or costs might result from such an amendment?Describe alternative legislation that might eliminate chronic deficits but have more desirable effects on the economy.