,,ia  #aafth ,,congress  #b;d ,session  
,h4 ,j4 ,,res4 #ii  ,,in ,,the ,,house  
,,of ,,representatives  ,october #i1    
#bjbj,mr4 ,amash submitted the following
 joint resolution2 which was referred to
 the ,committee on the ,judiciary       
,,joint ,,resolution  ,proposing a      
balanced budget amendment to the        
,constitution of the ,united ,states4   
,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 ,total            
expenditures for a year shall not exceed
 the average annual revenue collected in
 the three prior years1 adjusted in     
proportion to changes in population and 
inflation4 ,total expenditures shall    
include all expenditures of the ,united 
,states except those for payment of     

debt1 and revenue shall include all     
revenue of the ,united ,states except   
that derived from borrowing4  #b4       
,congress may by a roll call vote of    
two-thirds of each ,house declare an    
emergency and provide by law for        
specific expenditures in excess of the  
limit in section #a4 ,the declaration   
shall specify reasons for the emergency 
designation and may authorize           
expenditures in excess of the limit in  
section #a for up to one year4  #c4     
,congress shall have power to enforce   
this article by appropriate legislation4
  #d4 ,this article shall take effect in
 the first year beginning at least #ij  
days following ratification1 except that
 expenditures may exceed the limit in   
section #a by the following portion of  
the prior year's expenditures exceeding 
that limit 7excepting emergency         
expenditures provided for by section    
#b73 nine-tenths in the first year1     
eight-ninths in the second1             
seven-eighths in the third1 six-sevenths

 in the fourth1 five-sixths in the      
fifth1 four-fifths in the sixth1        
three-fourths in the seventh1 two-thirds
 in the eighth1 and one-half in the     
ninth4  4