Although forty-nine states have balanced budget requirements, states still consistently face massive budgetary shortfalls. Many states face serious enforcement issues, leaving the states vulnerable to violations of their balanced budget requirements through budgetary manipulation and gimmicks. Although not easily resolved, these problems could be mitigated or settled entirely through the use of...

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One of the more intriguing empirical findings in recent years is evidence that a number of Third World economies experience a positive relationship between military expenditures and overall rates of economic growth. While this result has been found in a number of individual studies, no satisfactory explanation has been put forth -presumably defense expenditures have both positive spin-offs, ten...