Proposed Constitutional Amendment: Balanced Budget and Justified Spending
This proposed constitutional amendment aims to ensure government spending does not exceed its income, unless specifically approved by Congress. This means the government would need to manage its finances more strictly, potentially impacting public services and future tax levels. Every agency would be required to justify its funding requests, increasing transparency in public spending.
Key points
Government spending cannot exceed revenue unless a supermajority in Congress approves it.
The national debt limit can only be raised with a supermajority vote in Congress.
The President must submit a budget where spending does not exceed revenue.
Each government agency must justify its funding requests, detailing their impact on mission and the economy.
New revenue increases require a supermajority vote in Congress.
These rules can be waived during war, military conflict, national security threats, or natural disasters.
Status:
Introduced
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