Proposing an amendment to the Constitution of the United States requiring that the Federal budget be balanced.

Bill 118 hjres 67, also known as the Balanced Budget Amendment, is a proposed amendment to the Constitution of the United States that would require the Federal budget to be balanced. This means that the government would not be allowed to spend more money than it takes in through revenue, such as taxes.

The purpose of this amendment is to address the issue of the growing national debt, which currently stands at over $28 trillion. Proponents of the amendment argue that a balanced budget requirement would force the government to make tough decisions about spending and prioritize fiscal responsibility.

If passed, the Balanced Budget Amendment would likely have significant implications for government spending and programs. It could lead to cuts in certain areas, such as social programs or defense spending, in order to bring the budget into balance. Opponents of the amendment argue that it could have negative effects on the economy, such as reducing government spending during times of economic downturn. They also point out that balancing the budget is not always feasible or desirable, especially during times of crisis or recession. Overall, the Balanced Budget Amendment is a controversial proposal that would have far-reaching consequences for the federal government's finances. It is currently being debated in Congress, and its fate remains uncertain.