Today, the debate about public indebtedness has reached a fervor not often seen among professional economists and the general public. This has renewed considerations of requiring Congress to balance its budget, through either a Constitutional amendment or some other legislative or statutory...

Civics students from time immemorial have been taught that there is a strict hierarchy within legislative bodies. In the case of the United States, this view would suggest that Congress is at the center of all legislative decisions and that Congress is responsible for all legislative decisions...