,,ia  #aag? ,,congress  #a/ ,session    
,h4 ,j4 ,,res4 #ac  ,,9 ,,! ,,h\se ,,(  
,,repres5tatives  ,janu>y #d1 #bjba,mr4 
,p]ry 7= himself & ,mr4 ,duncan7        
submitt$ ! foll[+ jo9t resolution2 :i* 0
 ref]r$ to ! ,committee on ! ,judici>y  
,,jo9t ,,resolution  ,propos+ a balanc$ 
budget am5dm5t to ! ,con/itution requir+
 t ea* ag5cy & dep>tm5t's fund+ is      
ju/ifi$4  ,t ! foll[+ article is propos$
 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 ,/ates )9 sev5    
ye>s aft] ! date ( its submission =     
ratification3  -- #a4 ,total outlays =  
any fiscal ye> %all n exce$ total       
receipts = t fiscal ye>1 unless         
?ree-fif?s ( ! :ole numb] ( ea* ,h\se ( 
,congress %all provide by law = a       
specific excess ( outlays ov] receipts  
by a rollcall vote1 b 9 no ev5t %all    
total outlays = any fiscal ye> exce$ !  
foll[+3 = ! fir/ fiscal ye> = :i* ?is   

article takes effect1 #bj p]c5t ( !     
e/imat$ gross dome/ic product ( ! ,unit$
 ,/ates = t ye>1 & = ea* subsequ5t      
fiscal ye>1 a p]c5tage ( ! e/imat$ gross
 dome/ic product equal to ! applicable  
p]c5tage = ! prec$+ fiscal ye> r$uc$ by 
4#a p]c5tage po9t4 ,"u ?is section1     
total sp5d+ = any fiscal ye> is n       
requir$ to be less ?an #af p]c5t ( !    
e/imat$ gross dome/ic product ( ! ,unit$
 ,/ates4  #b4 ,! limit on ! debt ( !    
,unit$ ,/ates held by ! public %all n be
 increas$1 unless ?ree-fif?s ( ! :ole   
numb] ( ea* ,h\se %all provide by law = 
su* an increase by a rollcall vote4  #c4
 ,prior to ea* fiscal ye>1 ! ,presid5t  
%all transmit to ! ,congress a propos$  
budget = ! ,unit$ ,/ates ,gov]nm5t = t  
fiscal ye> 9 :i* total outlays d n exce$
 total receipts4  #d4 ,no bill to       
increase rev5ue %all become law unless  
approv$ by a ?ree-fif?s majority ( !    
:ole numb] ( ea* ,h\se by a rollcall    
vote4  #e4 ,any budget plan = a fiscal  
ye> = ! ,gov]nm5t submitt$ by !         

,presid5t to ! ,congress %all include a 
ju/ification by ea* dep>tm5t or ag5cy ( 
! ,gov]nm5t = any fund+ propos$ = t     
dep>tm5t or ag5cy 9 t plan4 ,!          
ju/ification %all include a ju/ification
 ( ea* l9e item 9 ! budget ( t dep>tm5t 
or ag5cy bas$ ^u its effect on c>ry+ out
 its mission & its effect1 if any1 on ! 
gross dome/ic product ( ! ,unit$ ,/ates 
& an additional fund+ level bel[ !      
reque/$ numb] t w\ld all[ t dep>tm5t or 
ag5cy to complete all ( its critical    
mission functions4  #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 ,! ,congress %all en=ce & implem5t  
?is article by appropriate legislation1 
:i* may rely on e/imates ( outlays &    
receipts4  #h4 ,! ,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 or  
aft] any ev5t :i* causes an imm95t &    
s]i\s milit>y ?reat to national security
 & is s decl>$ by a jo9t resolution or  
dur+ :i* a natural disa/] is decl>$ by a
 jo9t resolution1 adopt$ by a vote by   
two-?irds ( ea* ,h\se1 :i* becomes law4 
#i4 ,?is article %all take effect beg9n+
 ) ! e>li] ( ! t5? fiscal ye> beg9n+    
aft] its ratification or ! fir/ fiscal  
ye> beg9n+ aft] any fiscal ye> 9 :i* !  
budget ( ! ,unit$ ,/ates is n 9 deficit4
  4