Proposing an amendment to the Constitution of the United States requiring a balanced budget for the Federal Government.

This joint resolution proposes an amendment to the U.S. Constitution that would require the federal government to balance its budget each fiscal year. Under this amendment, total federal spending would not be permitted to exceed total federal revenues, with limited exceptions. Congress could suspend this requirement only through a vote, likely requiring a supermajority, during times of war or national emergency.

If enacted, a balanced budget amendment would fundamentally change how the federal government finances its operations. Currently, the government can spend more money than it collects in taxes and other revenues, borrowing the difference. This amendment would eliminate that flexibility, forcing lawmakers to either increase revenues through taxes or reduce spending to match income each year.

For everyday citizens, this could mean significant changes to federal programs and services. The government might need to reduce spending on Social Security, Medicare, defense, infrastructure, education, or other programs. Alternatively, it could raise taxes or fees. The practical impact would depend on which programs Congress chooses to cut or which revenues it increases.