,,ia  #aae? ,,congress  #a/ ,session    
,h4 ,j4 ,,res4 #aaj  ,,9 ,,! ,,h\se ,,( 
,,repres5tatives  ,july #ai1 #bjag,mr4  
,/iv]s 7= himself & ,mr4 ,cuell>7       
submitt$ ! foll[+ jo9t resolution2 :i* 0
 ref]r$ to ! ,committee on ! ,judici>y  
,,jo9t ,,resolution  ,propos+ a balanc$ 
budget am5dm5t to ! ,con/itution ( !    
,unit$ ,/ates4  ,t ! foll[+ article is  
propos$ z an am5dm5t to ! ,con/itution (
 ! ,unit$ ,/ates1 :i* %all be valid to  
all int5ts & purposes z "p ( !          
,con/itution :5 ratifi$ by !            
legislatures ( ?ree-f\r?s ( ! sev]al    
,/ates3   --  #a4 ,total outlays = any  
fiscal ye> %all n exce$ total receipts =
 t fiscal ye>4  #b4 ,prior to ea* fiscal
 ye>1 ! ,presid5t %all transmit to !    
,congress a propos$ budget = ! ,unit$   
,/ates ,gov]nm5t = t fiscal ye> 9 :i*   
total outlays d n exce$ total receipts4 
#c4 ,! ,congress may waive ! provisions 
( ?is article = any fiscal ye> 9 :i* a  
decl>ation ( w> is 9 effect4 ,!         
provisions ( ?is article may be waiv$ = 

any fiscal ye> 9 :i* ! ,unit$ ,/ates is 
engag$ 9 milit>y conflict :i* causes an 
imm95t & s]i\s milit>y ?reat to national
 security & is s decl>$ by a jo9t       
resolution1 adopt$ by a majority ( !    
:ole numb] ( ea* ,h\se1 :i* becomes law4
 ,any su* waiv] %all id5tify & be limit$
 to ! specific increase = t fiscal ye>  
made necess>y by ! id5tifi$ milit>y     
conflict4 ,any increase 9 sp5d+ relat$  
to any waiv] provid$ by ?is section %all
 be (fset by a budget surplus )9 t5     
fiscal ye>s ( ! end ( ?is waiv]4  #d4 ,!
 ,congress may waive ! provisions ( ?is 
article = any fiscal ye> 9 :i* a        
decl>ation ( national em]g5cy is 9      
effect1 z s decl>$ by a jo9t resolution1
 adopt$ by a majority ( ! :ole numb] (  
ea* ,h\se1 :i* becomes law4 ,any su*    
waiv] %all id5tify & be limit$ to !     
specific increase = t fiscal ye> made   
necess>y by ! id5tifi$ national em]g5cy4
 ,any increase 9 sp5d+ relat$ to any    
waiv] provid$ by ?is section %all be    
(fset by a budget surplus )9 t5 fiscal  

ye>s ( ! end ( ?is waiv]4  #e4 ,!       
,congress %all en=ce & implem5t ?is     
article by appropriate legislation1 :i* 
may rely on e/imates ( outlays &        
receipts4  #f4 ,total receipts %all     
include all receipts ( ! ,unit$ ,/ates  
,gov]nm5t except ^? d]iv$ f borr[+4     
,total outlays %all include all outlays 
( ! ,unit$ ,/ates ,gov]nm5t except = ^? 
= repaym5t ( debt pr9cipal4  #g4 ,?is   
article %all take effect beg9n+ ) ! t5? 
fiscal ye> aft] its ratification4  4