Legislators Propose 3% Rule for US Budget Deficits

A bipartisan group of legislators has introduced a resolution advocating for Congress to limit annual budget deficits to no more than 3% of GDP, aiming to address fiscal responsibility.

13 Feb, 14:36 — 13 Feb, 14:36

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advisor-perspectives13 Feb, 14:36

A 3% Rule for Budget Deficits Would Be a Good Start

All but unnoticed last month, a bipartisan group of legislators introduced a resolution calling for Congress to keep budget deficits at no more than 3% of gross domestic product. Though not enough by itself to solve America’s fiscal problems, the proposal is a rare step in the right direction. It deserves strong support.

By The Editorial Board

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