That would probably also have the effect of reflecting some of the energy leaving Earth back down onto it, essentially increasing the greenhouse effect.
Also, assuming you need to reflect 2% of the incoming light, and using 8ft diameter balloons, you would need approximately 2,744,628,480,000 balloons.
Also, assuming you need to reflect 2% of the incoming light, and using 8ft diameter balloons, you would need approximately 2,744,628,480,000 balloons.