# Fight Inflation Through Balanced Budgets Act

This bill attempts to address inflation by requiring the federal government to balance its budget. The core idea is straightforward: the government would be prohibited from spending more money than it takes in through taxes and other revenue sources, similar to how many families or businesses operate with a balanced budget.

The bill would create a constitutional amendment requirement, meaning Congress would need to pass legislation that mandates the federal government cannot run a deficit—the gap between what it spends and what it collects in revenue. If the government wants to spend money on programs, it would first need to either raise taxes, cut spending elsewhere, or find new sources of revenue to cover the cost. There would likely be exceptions built in for emergencies like wars or severe recessions, though the specific details would depend on how the bill is written.

For everyday people, this could mean significant changes to how government operates. If a balanced budget requirement becomes law, it could lead to cuts in popular programs like Social Security, Medicare, education funding, or infrastructure projects unless taxes are raised to cover current spending levels. Alternatively, the government might need to increase taxes on individuals or businesses. The theory behind the bill is that reducing government spending and deficits would help control inflation by reducing the amount of money circulating in the economy. However, critics argue that cutting government spending during economic downturns could actually harm the economy and that the relationship between balanced budgets and inflation is more complicated than the bill suggests.

Fight Inflation Through Balanced Budgets Act

Braun, Mike

Fight Inflation Through Balanced Budgets Act This bill establishes points of order that may be raised in the Senate against (1) budget resolutions that do not include a balanced budget; and (2) provisions that would cause the total amount of appropriations for a program, project, or activity to exceed the authorized amount. The bill also limits waivers of budget points of order in the Senate, including by prohibiting (1) waiving multiple points of order against a measure using a single motion, and (2) waiving a point of order that has not been specifically raised by a Senator.