A balanced national budget makes sense as long as there are provisions for The People to override it in an emergency. Only The People should have the authority to let themselves go in debt. The New Constitution has it covered.
1. The government cannot spend more than it takes in except in a declared National Emergency (which must be declared by a vote of The People)
2. Government expenditures cannot exceed 20% of the GDP
3. The President must submit a balanced budget each year
4. Only The People can increase taxes
This Section could use some refinement in wording, but it basically says it all:
YOU CAN’T SPEND MORE THAN YOU RECEIVE!
Next: Monetary Policy
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