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

Bill 118 hjres 75, 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.

The amendment aims to address the issue of the growing national debt and the annual budget deficits that the United States has been running for many years. Supporters of the amendment argue that a balanced budget is necessary to ensure fiscal responsibility and prevent the government from accumulating unsustainable levels of debt.

If passed, the Balanced Budget Amendment would likely have significant implications for government spending and taxation. It would require Congress to make difficult decisions about how to prioritize spending and potentially lead to cuts in certain programs or increases in taxes in order to balance the budget. Opponents of the amendment argue that it could have negative consequences for the economy, such as limiting the government's ability to respond to economic downturns or emergencies. They also point out that balancing the budget could be difficult or even impossible in certain circumstances, such as during times of war or recession. Overall, the Balanced Budget Amendment is a controversial proposal that has sparked debate among lawmakers and the public about the best way to address the nation's fiscal challenges. It remains to be seen whether the amendment will gain enough support to be passed by Congress and ratified by the states.