The federal budget process and the economic reality on the ground are out of phase. To achieve stability in the system, these processes need to be brought more into phase.
Put another way: the budget contains a de facto representation of the current economic position as well as economic "velocity" and higher derivatives. In forming the budget, legislators encode these values. In many cases, these values over- or under-shoot reality with poor consequences.
tl;dr: Balancing the budget is a stabilization criterion and bringing the active driver into synchrony with the driven body (the economy) should improve stability.
Put another way: the budget contains a de facto representation of the current economic position as well as economic "velocity" and higher derivatives. In forming the budget, legislators encode these values. In many cases, these values over- or under-shoot reality with poor consequences.
tl;dr: Balancing the budget is a stabilization criterion and bringing the active driver into synchrony with the driven body (the economy) should improve stability.