It's old, but I suspect we still have pretty widespread agreement among experts: "If the federal budget is to be balanced, it should be done over the business

It's old, but I suspect we still have pretty widespread agreement among experts: "If the federal budget is to be balanced, it should be done over the business cycle rather than yearly. (85% [of economics agree])"[0] A 3% rule doesn't strictly violate this, but it's obviously violating the basic principle: some years you should go higher, and some years you should go lower. [0] https://gregmankiw.blogspot.com/2009/02/news-flash-economists-agree.html https://gregmankiw.blogspot.com/2009/02/news-flash-economist...