Q. "I think that all states should have to have to balance their budgets. Due to this would help with the budget philosophy and the economy."

If a state is required to balance their budget when the economy is weak, might this actually lead to a destabilization? Why or why not?

Q. If the General national Mortgage Association, a federal government agency that purchases certain types of home mortgages, buys U. S. Treasury bonds from another government agency, elucidate how would this affect the net public debt, other things being equal.