,,iia  #aafth ,,congress  #ast ,session 
,s4 ,j4 ,,res4 #ai  ,,in ,,the ,,senate 
,,of ,,the ,,united ,,states  ,may #b1  
#bjai,mr4 ,shelby introduced the        
following joint resolution2 which was   
read twice and referred to the          
,committee on the ,judiciary  ,,joint   
,,resolution  ,proposing an amendment to
 the ,constitution of the ,united       
,states to require 7except during time  
of war and subject to suspension by     
,congress7 that the total amount of     
money expended by the ,united ,states   
during any fiscal year not exceed the   
amount of certain revenue received by   
the ,united ,states during such fiscal  
year and not exceed #bj percent of the  
gross domestic product of the ,united   
,states during the previous calendar    
year4  ,now1 therefore1 be it ,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 by the      
,congress3  -- #a4 ,the total amount of 
money expended by the ,united ,states in
 any fiscal year shall not exceed the   
total amount of revenue received by the 
,united ,states during such fiscal year1
 excluding revenue received from the    
issuance of bonds1 notes1 or other      
obligations of the ,united ,states4  #b4
 ,the total amount of money expended by 
the ,united ,states in any fiscal year  
shall not exceed the amount equal to #bj
 percent of the gross domestic product  
of the ,united ,states during the last  
calendar year ending before the         
beginning of such fiscal year4  #c4     
,sections #a and #b of this article     
shall not apply during any fiscal year  
during any part of which the ,united    
,states is at war1 as declared by       
,congress under section #h of article ,i
 of the ,constitution of the ,united    
,states4  #d4 ,sections #a and #b of    

this article may be suspended by a      
concurrent resolution approved by a     
three-fifths vote of the ,members of    
each ,house of ,congress4 ,any          
suspension of sections #a and #b of this
 article under this section shall be    
effective only during the fiscal year   
during which such suspension is         
approved4  #e4 ,this article shall take 
effect on the first day of the first    
fiscal year beginning after the date of 
the ratification of this article4  #f4  
,congress shall have the power to       
enforce this article by appropriate     
legislation4  4