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Publication

Federal Spending and the Deficit: Is a Constitutional Remedy Necessary?

Stith, Kate
Abstract
I do not favor a constitutional circumscription on legislative powers to spend and borrow. I do favor a constitutional command that these powers be exercised openly and clearly. Let me here propose that this command is already in the Constitution. Before we rewrite the fiscal Constitution by formal amendment, we ought to consider the interpretive potential of the present constitutional text.