Proposing a Federal debt limit amendment to the Constitution of the United States.

Bill 118 hjres 104, also known as the Federal debt limit amendment, is a proposed amendment to the Constitution of the United States. The purpose of this bill is to establish a limit on the amount of debt that the federal government can incur. This limit would be set at a specific percentage of the country's Gross Domestic Product (GDP) and would require a two-thirds majority vote in both the House of Representatives and the Senate to increase.

The bill aims to address the issue of the growing national debt, which has been a major concern for many lawmakers and economists. Supporters of the bill argue that a debt limit amendment is necessary to ensure fiscal responsibility and prevent the government from overspending. They believe that setting a limit on the amount of debt that can be accumulated will force lawmakers to make tough decisions about spending and prioritize the country's financial health.

Opponents of the bill, however, argue that a debt limit amendment could have negative consequences for the economy. They believe that strict limits on government borrowing could lead to cuts in essential services and programs, as well as potential default on existing debt obligations. They also argue that the amendment could limit the government's ability to respond to economic crises and emergencies. Overall, the Federal debt limit amendment proposed in Bill 118 hjres 104 is a controversial and complex issue that has sparked debate among lawmakers and experts. It remains to be seen whether this bill will gain enough support to pass and become a part of the US Constitution.