Bill 119 HJRes 17 proposes a balanced budget amendment to the Constitution of the United States. This amendment would require the federal government to operate with a balanced budget, meaning that its spending cannot exceed i...
ts revenue. The goal of this amendment is to ensure that the government does not accumulate excessive debt and to promote fiscal responsibility.
The amendment would also require a three-fifths majority vote in both the House of Representatives and the Senate in order to approve any budget that is not balanced. This would make it more difficult for the government to pass budgets that result in deficits.
Supporters of the balanced budget amendment argue that it is necessary to prevent the government from overspending and accumulating unsustainable levels of debt. They believe that a balanced budget requirement would force the government to make tough decisions about spending priorities and would ultimately lead to a more efficient and responsible use of taxpayer dollars.
Opponents of the amendment argue that it could limit the government's ability to respond to economic downturns or emergencies by restricting its ability to borrow money. They also argue that a balanced budget requirement could lead to cuts in important programs and services, such as social security and Medicare.
Overall, the balanced budget amendment proposed in Bill 119 HJRes 17 is a controversial issue that has sparked debate among lawmakers and the public. It remains to be seen whether this amendment will gain enough support to be passed into law.