Proposing a balanced budget amendment to the Constitution requiring that each agency and department's funding is justified.
Summary
This bill proposes an amendment to the U.S. Constitution that would require the federal government to balance its budget each year, meaning total spending could not exceed the money it collects. To ensure this, the bill would require a three-fifths "supermajority" vote in both the House and Senate to authorize any deficit spending, increase the national debt limit, or raise federal taxes.
For everyday citizens, this could lead to more frequent debates over spending cuts or tax changes, as the government would be restricted from borrowing money for routine operations. The bill also requires the President to provide detailed justifications for every dollar requested for government agencies, potentially increasing transparency into how tax dollars are used. While the requirements could be waived during times of war or natural disasters, the overall goal is to limit the growth of the national debt by making it harder for the government to spend more than it earns.