I think you're referring to the various petitions opposing a Balanced Budget Amendment to the U.S. Constitution.
Max Sawicky EPI
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I vaguely remember from some years ago a statement (mailed on Pen-L?) by hundreds of US economists (including some Nobel prize winners) against the idea that government deficits and debts have to be reduced to zero. If anybody knows a site where I can find this (and possibly other documents on this question) I would be grateful - we're getting the same discussion now in The Netherlands.
Robert Went