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    Constitutional amendment mandating a balanced budget Aunty free chatline

    Legislative efforts to move in the direction of a balanced budget have not prevented unacceptable levels of deficit spending. Deficit targets in the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) have been relaxed periodically, and new budget control mechanisms have not offered a realistic long term prospect of continued deficit reduction. Finally, I do hereby pledge to stand with Rick Santorum, Patriot Voices, and conservative patriots nationwide in support of fiscal sanity, accountability, and a balanced budget.104th Congress Report HOUSE OF REPRESENTATIVES 1st Session 104-3 _______________________________________________________________________ BALANCED BUDGET CONSTITUTIONAL AMENDMENT _______ January 18, 1995.--Referred to the House Calendar and ordered to be printed _______________________________________________________________________ Mr. 1] [Including cost estimate of the Congressional Budget Office] The Committee on the Judiciary, to whom was referred the joint resolution (H. The amendment is as follows: Strike out all after the resolving clause and insert in lieu thereof the following: That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission for ratification: ``Article -- ``Section 1. Congress and the President shall ensure that actual outlays do not exceed the outlays set forth in such statement. No bill to increase tax revenue shall become law unless approved by a three-fifths majority of the whole number of each House of Congress. Prior to each fiscal year, the President shall transmit to Congress a proposed statement of receipts and outlays for such fiscal year consistent with the provisions of this Article. Congress may waive the provisions of this Article for any fiscal year in which a declaration of war is in effect. Congress will be able to waive the Amendment's requirements based on a declaration of war; an alternative waiver mechanism requires a joint resolution (that is supported by a majority of the total membership in each House and becomes law) declaring ``an imminent and serious military threat to national security,'' [section 4]. The provisions of this Article may be waived for any fiscal year in which the United States faces an imminent and serious military threat to national security and is so declared by a joint resolution, adopted by a majority of the whole number of each House, which becomes law. Total receipts shall include all receipts of the United States except those derived from borrowing and total outlays shall include all outlays of the United States except those for the repayment of debt principal. The amount of the debt of the United States held by the public as of the date this Article takes effect shall become a permanent limit on such debt and there shall be no increase in such amount unless three-fifths of the whole number of each House of Congress shall have passed a bill approving such increase and such bill has become law. All votes taken by the House of Representatives or the Senate under this Article shall be rollcall votes. Congress shall enforce and implement this Article by appropriate legislation. This Article shall take effect for the fiscal year 2002 or for the second fiscal year beginning after its ratification, whichever is later.''. The constitutional amendment takes effect ``for the fiscal year 2002 or for the second fiscal year beginning after its ratification, whichever is later,'' [section 9].

    constitutional amendment mandating a balanced budget-75constitutional amendment mandating a balanced budget-60

    Rivlin, Director, Office of Management and Budget, Honorable William P. Martin Anderson, Senior Fellow, Hoover Institution (Stanford University), and Dr. Wennberg, Mayor of Rutland, Vermont, on behalf of the National League of Cities, Honorable John Hamre, Under Secretary of Defense, Robert Ball, former Commissioner, Social Security Administration, Dr.

    The Senate mustered the requisite two-thirds vote in 1982 (69 yeas to 31 nays) but fell short in 1986 (66 yeas to 34 nays) and 1994 (63 yeas to 37 nays).

    need for the balanced budget constitutional amendment The major impetus for the balanced budget constitutional amendment is the rapidly mounting federal debt and the impact of climbing interest payments on future generations of Americans.

    Prior to this Congress, the Committee had never reported a balanced budget amendment to the whole House.

    Instead, such amendments were considered in the House of Representatives only after discharge petition efforts were successful.

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