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Proposed US Government Spending Limit: No More Than Revenue and 20% of GDP

A proposed change to the US Constitution would set new rules for government spending. It would mean the government couldn't spend more money than it collects (excluding borrowing) and no more than 20% of the country's total economic output from the previous year. These limits could affect how the government funds public services and programs.
Key points
US government spending in any year could not exceed the amount of revenue collected (excluding borrowing).
US government spending in any year could not exceed 20% of the country's economic output from the previous year.
These rules would not apply during a time of war.
Congress could temporarily suspend these rules with a special vote.
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Additional Information
A joint resolution proposing an amendment to the Constitution of the United States which requires (except during time of war and subject to suspension by Congress) 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 20 percent of the gross domestic product of the United States during the previous calendar year.
Print number: SJRES 12
Sponsor: Sen. Shelby, Richard C. [R-AL]
Process start date: 2021-03-18