09699. FEDERAL BUDGET DEFICITS: CAUSES AND CORRECTIONS. Considers in turn the causes driving the recurring annual budget deficits since the 1960s, the shortcomings and merits of Gramm-Rudman-Hollings, and the arguments for and against a constitutional amendment prescribing that total government expenditures not exceed annual receipts in the projected fiscal year. 10 pages, 11 footnotes, 9 bibliographic sources.