A Balanced Budget Amendment?

In chapter 12, the text describes a proposed amendment to the U.S. Constitution that would require a balancing the federal budget every year. Should the U.S. pass such a requirement?

1) What are two strong arguments against requiring a balanced Federal budget every year?

2) What are two strong arguments in favor of requiring a balanced Federal budget? (For each argument you make, you may qualify your support. That is, you may add words to the proposal to balance the federal budget every year in order to make it acceptable to you.)