A joint resolution proposing an amendment to the Constitution of the United States relative to balancing the budget.

Bill 118 SJRes 13, also known as a joint resolution proposing an amendment to the Constitution of the United States relative to balancing the budget, aims to address the issue of the federal budget deficit. The resolution proposes an amendment to the Constitution that would require the federal government to balance its budget each fiscal year.

The resolution seeks to impose fiscal discipline on the government by mandating that expenditures not exceed revenues in any given year. This would prevent the government from running deficits and accumulating more debt. The goal of the resolution is to promote responsible spending and ensure that the government operates within its means.

Supporters of the resolution argue that balancing the budget is essential for the long-term economic health of the country. They believe that excessive government spending and debt can lead to inflation, higher interest rates, and a weakened economy. By requiring the government to balance its budget, the resolution aims to promote fiscal responsibility and prevent future financial crises. Opponents of the resolution, however, argue that a balanced budget amendment could have negative consequences. They argue that it could limit the government's ability to respond to economic downturns or emergencies, as it would restrict the government's ability to borrow money. They also argue that the resolution could lead to cuts in important social programs and services. Overall, Bill 118 SJRes 13 is a proposal to amend the Constitution in order to require the federal government to balance its budget each fiscal year. Supporters believe that this would promote fiscal responsibility and prevent future financial crises, while opponents argue that it could have negative consequences. The resolution is currently being debated in Congress.