,,ia  #aai? ,,congress  #a/ ,session    
,h4 ,j4 ,,res4 #aab  ,,9 ,,! ,,h\se ,,( 
,,repres5tatives  ,augu/ #ae1 #bjbe ,mr4
 ,burlison submitt$ ! foll[+ jo9t       
resolution2 :i* 0 ref]r$ to ! ,committee
 on ! ,judici>y  ,,jo9t ,,resolution    
,propos+ an am5dm5t to ! ,con/itution ( 
! ,unit$ ,/ates relat$ to ! public debt4
  ,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 ( ! ,gov]nm5t ( !
 ,unit$ ,/ates %all n exce$ total       
receipts ( ! ,gov]nm5t ( ! ,unit$ ,/ates
 at any po9t 9 "t unless ! excess (     
outlays ov] receipts is f9anc$          
exclusively by debt issu$ 9 /rict       
con=mity ) ?is article4  #b4 ,out/&+    
debt %all n exce$ au?oriz$ debt1 :i*    
initially %all be an am\nt equal to #aje
 p]c5t ( ! out/&+ debt on ! effective   

date ( ?is article4 ,au?oriz$ debt %all 
n be increas$ above its a=esaid initial 
am\nt unless su* increase is fir/       
approv$ by ! legislatures ( ! sev]al    
,/ates z provid$ 9 section #c4  #c4 ,f  
"t to "t1 ,congress may increase        
au?oriz$ debt to an am\nt 9 excess ( its
 initial am\nt set by section #b only if
 x fir/ publicly ref]s to ! legislatures
 ( ! sev]al ,/ates an unconditional1    
s+le subject measure propos+ ! am\nt (  
su* increase1 9 su* =m z provid$ by law1
 & ! measure is !reaft] publicly &      
unconditionally approv$ by a simple     
majority ( ! legislatures ( ! sev]al    
,/ates1 9 su* =m z provid$ respectively 
by ,/ate law3 ,provid$1 ,t no inducem5t 
requir+ an exp5diture or tax levy %all  
be dem&$1 (f]$ or accept$ z a quid pro  
quo = su* approval4 ,if su* approval is 
n obta9$ )9 sixty 7#fj7 cal5d> days aft]
 ref]ral !n ! measure %all be deem$     
disapprov$ & ! au?oriz$ debt %all !reby 
rema9 un*ang$4  #d4 ,:5ev] ! out/&+ debt
 exce$s #ih p]c5t ( ! debt limit set by 

section #b1 ! ,presid5t %all en=ce said 
limit by publicly designat+ specific    
exp5ditures = imp\ndm5t 9 an am\nt      
suffici5t to ensure out/&+ debt %all n  
exce$ ! au?oriz$ debt4 ,said imp\ndm5t  
%all become effective ?irty 7#cj7 days  
!reaft]1 unless ,congress fir/          
designates an alt]nate imp\ndm5t ( !    
same or great] am\nt by concurr5t       
resolution1 :i* %all become imm$iately  
effective4 ,! failure ( ! ,presid5t to  
designate or en=ce ! requir$ imp\ndm5t  
is an impea*able misdemeanor4 ,any      
purport$ issuance or incurr5ce ( any    
debt 9 excess ( ! debt limit set by     
section #b is void4  #e4 ,no bill t     
provides = a new or increas$ g5]al      
rev5ue tax %all become law unless       
approv$ by a two-?irds roll call vote ( 
! :ole numb] ( ea* ,h\se ( ,congress4   
,h[ev]1 ?is requirem5t %all n apply to  
any bill t provides = a new end us]     
sales tax :i* w\ld completely replace e 
exi/+ income tax levi$ by ! ,gov]nm5t ( 
! ,unit$ ,/ates2 or = ! r$uction or     

elim9ation ( an exemption1 d$uction1 or 
cr$it all[$ "u an exi/+ g5]al rev5ue    
tax4  #f4 ,= purposes ( ?is article1    
debt means any obligation back$ by !    
full fai? & cr$it ( ! ,gov]nm5t ( !     
,unit$ ,/ates2 out/&+ debt means all    
debt held 9 any acc\nt & by any entity  
at a giv5 po9t 9 "t2 au?oriz$ debt means
 ! maximum total am\nt ( debt t may be  
lawfully issu$ & out/&+ at any s+le po9t
 9 "t "u ?is article2 total outlays ( ! 
,gov]nm5t ( ! ,unit$ ,/ates means all   
exp5ditures ( ! ,gov]nm5t ( ! ,unit$    
,/ates f any s\rce2 total receipts ( !  
,gov]nm5t ( ! ,unit$ ,/ates means all   
tax receipts & o!r income ( ! ,gov]nm5t 
( ! ,unit$ ,/ates1 exclud+ proce$s f its
 issuance or incurr5ce ( debt or any    
type ( liability2 imp\ndm5t means a     
proposal n to sp5d all or "p ( a sum (  
money appropriat$ by ,congress2 & g5]al 
rev5ue tax means any income tax1 sales  
tax1 or value-add$ tax levi$ by !       
,gov]nm5t ( ! ,unit$ ,/ates exclud+     
impo/s & duties4  #g4 ,?is article is   

imm$iately op]ative ^u ratification1    
self-en=c+1 & ,congress may enact con=m+
 legislation to facilitate en=cem5t4  4