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GOP Balanced Budget Amendment Text

GOP Balanced Budget Amendment Text

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All 47 Senate Republicans are co-sponsoring this proposed amendment to the Constitution to require a balanced budget.
All 47 Senate Republicans are co-sponsoring this proposed amendment to the Constitution to require a balanced budget.

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Published by: Senate Republican Conference on Mar 31, 2011
Copyright:Attribution Non-commercial

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10/31/2011

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IIA 
112
TH
CONGRESS1
ST
S
ESSION
 
S. J. RES.
10
Proposing an amendment to the Constitution of the United States relativeto balancing the budget.
IN THE SENATE OF THE UNITED STATES
M
 ARCH
31, 2011Mr. H
 ATCH
(for himself, Mr. L
EE
, Mr. C
ORNYN
, Mr. K 
 YL
, Mr. M
C
C
ONNELL
,Mr. T
OOMEY
, Ms. S
NOWE
, Mr. R
ISCH
, Mr. R
UBIO
, Mr. D
E
M
INT
, Mr.P
 AUL
, Mr. V 
ITTER
, Mr. E
NZI
, Mr. K 
IRK 
, Mr. T
HUNE
, Mr. A 
LEXANDER
,Mr. I
NHOFE
, Mr. C
RAPO
, Mr. B
URR
, Mr. B
 ARRASSO
, Mr. C
OBURN
, Mr.M
ORAN
, Mr. L
UGAR
, Mrs. H
UTCHISON
, Mr. I
SAKSON
, Mr. B
ROWN
of Massachusetts, Mr. J
OHNSON
of Wisconsin, Mr. G
RAHAM
, Mr. G
RASS
-
LEY
, Mr. S
HELBY
, Mr. S
ESSIONS
, Mr. M
C
C
 AIN
, Mr. B
OOZMAN
, Mr. R
OB
-
ERTS
, Ms. C
OLLINS
, Mr. H
OEVEN
, Mr. C
HAMBLISS
, Ms. A 
 YOTTE
, Mr.B
LUNT
, Mr. C
OATS
, Mr. C
OCHRAN
, Mr. C
ORKER
, Mr. E
NSIGN
, Mr.J
OHANNS
, Ms. M
URKOWSKI
, Mr. P
ORTMAN
, and Mr. W
ICKER
) introducedthe following joint resolution which was referred to the Committee on theJudiciary 
JOINT RESOLUTION
Proposing an amendment to the Constitution of the UnitedStates relative to balancing the budget.
 Resolved by the Senate and House of Representatives
1
of the United States of America in Congress assembled
2
(two-thirds of each House concurring therein),
That the fol-
3
lowing article is proposed as an amendment to the Con-
4
stitution of the United States, which shall be valid to all
5
VerDate Mar 15 2010 23:53 Mar 31, 2011Jkt 099200PO 00000Frm 00001Fmt 6652Sfmt 6201E:\BILLS\SJ10.ISSJ10
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2
SJ 10 IS
intents and purposes as part of the Constitution when
1
ratified by the legislatures of three-fourths of the several
2
States:
3
‘‘A 
RTICLE
4
‘‘S
ECTION
1. Total outlays for any fiscal year shall
5
not exceed total receipts for that fiscal year, unless two-
6
thirds of the duly chosen and sworn Members of each
7
House of Congress shall provide by law for a specific ex-
8
cess of outlays over receipts by a roll call vote.
9
‘‘S
ECTION
2. Total outlays for any fiscal year shall
10
not exceed 18 percent of the gross domestic product of 
11
the United States for the calendar year ending before the
12
 beginning of such fiscal year, unless two-thirds of the duly 
13
chosen and sworn Members of each House of Congress
14
shall provide by law for a specific amount in excess of such
15
18 percent by a roll call vote.
16
‘‘S
ECTION
3. Prior to each fiscal year, the President
17
shall transmit to the Congress a proposed budget for the
18
United States Government for that fiscal year in which—
19
‘‘(1) total outlays do not exceed total receipts;
20
and
21
‘‘(2) total outlays do not exceed 18 percent of 
22
the gross domestic product of the United States for
23
the calendar year ending before the beginning of 
24
such fiscal year.
25
VerDate Mar 15 2010 23:53 Mar 31, 2011Jkt 099200PO 00000Frm 00002Fmt 6652Sfmt 6201E:\BILLS\SJ10.ISSJ10
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3
SJ 10 IS
‘‘S
ECTION
4. Any bill that imposes a new tax or in-
1
creases the statutory rate of any tax or the aggregate
2
amount of revenue may pass only by a two-thirds majority 
3
of the duly chosen and sworn Members of each House of 
4
Congress by a roll call vote. For the purpose of deter-
5
mining any increase in revenue under this section, there
6
shall be excluded any increase resulting from the lowering
7
of the statutory rate of any tax.
8
‘‘S
ECTION
5. The limit on the debt of the United
9
States shall not be increased, unless three-fifths of the
10
duly chosen and sworn Members of each House of Con-
11
gress shall provide for such an increase by a roll call vote.
12
‘‘S
ECTION
6. The Congress may waive the provisions
13
of sections 1, 2, 3, and 5 of this article for any fiscal year
14
in which a declaration of war against a nation-state is in
15
effect and in which a majority of the duly chosen and
16
sworn Members of each House of Congress shall provide
17
for a specific excess by a roll call vote.
18
‘‘S
ECTION
7. The Congress may waive the provisions
19
of sections 1, 2, 3, and 5 of this article in any fiscal year
20
in which the United States is engaged in a military conflict
21
that causes an imminent and serious military threat to
22
national security and is so declared by three-fifths of the
23
duly chosen and sworn Members of each House of Con-
24
gress by a roll call vote. Such suspension must identify 
25
VerDate Mar 15 2010 23:53 Mar 31, 2011Jkt 099200PO 00000Frm 00003Fmt 6652Sfmt 6201E:\BILLS\SJ10.ISSJ10
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chrisfeahr added this note
accounting terms too ambiguous throughout; no rational basis for capping fed. exp at 18% GDP; this attempts to mandate common sense.. but this only seems sensible when the future is dark. whenever future appears brighter than the present, the people will ALWAYS want to BORROW AGAINST IT! Wisdom in Congress is the answer, Gentlemen... Attempting to outlaw stupidity is a fool's errand.
Ronald Pires added this note
Bruce Bartlett, a Reagan-era supply sider, describes this as "Dopiest Constitutional Amendment of All Time?" http://capitalgainsandgames.com/blog/...
Ronald Pires liked this

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