Proposing a balanced budget amendment to the Constitution of the United States.

This joint resolution proposes an amendment to the U.S. Constitution that would require the federal government to balance its budget each year by ensuring total spending does not exceed total income. To prevent the government from exceeding these limits, the proposal would also require a three-fifths "supermajority" vote in both the House and Senate to increase the national debt limit or to authorize deficit spending during an emergency.

For everyday citizens, this change would fundamentally alter how the federal government manages its finances, potentially leading to significant spending cuts or tax adjustments to meet the balanced budget requirement. While the amendment includes exceptions for times of war or serious military threats, it would generally require the President to submit a balanced budget and mandate that any legislation increasing federal revenue be passed by a recorded majority vote in both chambers of Congress.