Proposing a balanced budget amendment to the Constitution of the United States.

Bill 118 hjres 113, also known as the Balanced Budget Amendment, is a proposed amendment to the Constitution of the United States. The purpose of this amendment is to require the federal government to operate with a balanced budget, meaning that its spending cannot exceed its 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 for a deficit. Additionally, the amendment would require a three-fifths majority in both chambers to increase the debt limit.

Supporters of the Balanced Budget Amendment argue that it is necessary to ensure fiscal responsibility and prevent the government from accumulating excessive debt. They believe that a balanced budget requirement would force Congress to make tough decisions about spending and prioritize the most important programs. Opponents of the amendment argue that it could lead to harmful cuts in essential programs and services, such as healthcare and education. They also argue that it could limit the government's ability to respond to economic downturns or emergencies. Overall, the Balanced Budget Amendment is a controversial proposal that seeks to address the issue of government spending and debt. It has both supporters and critics, and its passage would have significant implications for the country's fiscal policy.