,,ii #aaith ,,congress #b;d ,session ,s4 #ciea ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,february #bf1 #bjbf,mr4 ,scott of ,florida introduced the following bill2 which was read twice and referred to the ,committee on the ,budget ,a ,,bill ,to provide authority and discretion to the ,president over budgetary resources to achieve a balanced budget4 #a4 ,short title ,this ,act may be cited as the ,balanced ,budget ,responsibility ,act of #bjbf4 #b4 ,authority and discretion of the ,president over budgetary resources to achieve a balanced budget 7a7 ,definitions ,in this section-- 7#a7 the term budgetary resources-- 7,a7 has the meaning given that term in section #bej7;c7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe 7#b ,u4,s4,c4 #ijj7;c772 and 7,b7 includes any discretionary appropriations or direct spending1 as defined in such section1 available for the applicable fiscal year2 7#b7 the term covered budgetary resources means any budgetary resources1 except for budgetary resources to carry out-- 7,a7 the ,medicare program under title ,,xviii of the ,social ,security ,act 7#db ,u4,s4,c4 #acie et seq472 or 7,b7 the old-age1 survivors1 and disability insurance program established under title ,,ii of the ,social ,security ,act 7#db ,u4,s4,c4 #dja et seq472 and 7#c7 the term deficit has the meaning given that term under section #c of the ,congressional ,budget and ,impoundment ,control ,act of #aigd 7#b ,u4,s4,c4 #fbb74 7b7 ,budgetary discretion ,notwithstanding the ,impoundment ,control ,act of #aigd 7#b ,u4,s4,c4 #fha et seq471 if the ,president determines1 in consultation with the ,secretary of the ,treasury and the ,office of ,management and ,budget1 that there will be a deficit for a fiscal year1 the ,president may exercise budgetary discretion and decline to obligate covered budgetary resources available for that fiscal year1 as the ,president determines appropriate1 in an amount that is not more than the amount required to eliminate the deficit4