Proposing an amendment to the Constitution of the United States to provide for balanced budgets for the Government.

This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year unless Congress authorizes the excess by a two-thirds roll call vote of each chamber.

The amendment also requires the President to submit an annual budget in which total outlays for the fiscal year do not exceed total receipts.

Congress may waive the requirements for any fiscal year in which (1) a declaration of war is in effect by a roll call vote, or (2) a declaration of a natural disaster or a national emergency is in effect that was declared by a joint resolution that became law after being adopted by a majority of each chamber of Congress.

Bill 118 hjres 6, also known as the Balanced Budget Amendment, is a proposed amendment to the Constitution of the United States that aims to require the federal government to maintain a balanced budget. This means that the government would not be allowed to spend more money than it takes in through revenue.

The amendment would require Congress to pass a budget each year that does not result in a deficit, unless a three-fifths majority in both the House of Representatives and the Senate vote to allow a deficit in certain circumstances, such as during times of war or national emergency.

Supporters of the Balanced Budget Amendment argue that it would help control government spending and reduce the national debt, which is currently over $28 trillion. They believe that a balanced budget requirement would force Congress to make tough decisions about spending priorities and prevent future generations from being burdened with excessive debt. Opponents of the amendment argue that it could lead to cuts in important government programs, such as Social Security and Medicare, and hinder the government's ability to respond to economic downturns or emergencies. They also point out that balancing the budget could be difficult during times of recession or when facing unexpected expenses. Overall, the Balanced Budget Amendment is a controversial proposal that has been debated in Congress for many years. It remains to be seen whether it will garner enough support to be passed and added to the Constitution.