,,ia  #aacth ,,congress  #ast ,session  
,h4 ,j4 ,,res4 #ah  ,,in ,,the ,,house  
,,of ,,representatives  ,january #ah1   
#bjac ,mrs4 ,emerson introduced the     
following joint resolution2 which was   
referred to the ,committee on the       
,judiciary  ,,joint ,,resolution        
,proposing an amendment to the          
,constitution to provide for a balanced 
budget for the ,united ,states          
,government and for greater             
accountability in the enactment of tax  
legislation4  ,that the following       
article is proposed as an amendment to  
the ,constitution of the ,united        
,states1 which shall be valid to all    
intents and purposes as part of the     
,constitution when ratified by the      
legislatures of three-fourths of the    
several ,states within seven years after
 the date of its submission for         
ratification3   --  #a4 ,prior to each  
fiscal year1 the ,congress and the      
,president shall agree on an estimate of
 total receipts for that fiscal year by 

enactment into law of a joint resolution
 devoted solely to that subject4 ,total 
outlays for that year shall not exceed  
the level of estimated receipts set     
forth in such joint resolution1 unless  
three-fifths of the total membership of 
each ,house of ,congress shall provide1 
by a rollcall vote1 for a specific      
excess of outlays over estimated        
receipts4  #b4 ,whenever actual outlays 
exceed actual receipts for any fiscal   
year1 the ,congress shall1 in the       
ensuing fiscal year1 provide by law for 
the repayment of such excess4 ,the      
public debt of the ,united ,states shall
 not be increased unless three-fifths of
 the total membership of each ,house    
shall provide by law for such an        
increase by a rollcall vote4  #c4 ,prior
 to each fiscal year1 the ,president    
shall transmit to the ,congress a       
proposed budget for the ,united ,states 
,government for that fiscal year in     
which total outlays do not exceed total 
receipts4  #d4 ,no bill to increase     

revenue shall become law unless approved
 by a majority of the total membership  
of each ,house by a rollcall vote4  #e4 
,the provisions of this article are     
waived for any fiscal year in which a   
declaration of war is in effect4  #f4   
,total receipts shall include all       
receipts of the ,united ,states except  
those derived from borrowing4 ,total    
outlays shall include all outlays of the
 ,united ,states except for those for   
repayment of debt principal4  #g4 ,this 
article shall take effect beginning with
 the second fiscal year after its       
ratification4  4