Proposing an amendment to the Constitution of the United States to provide that appropriations made by the United States shall not exceed its revenues, except in time of war or national emergency; and to provide for the systematic paying back of the national debt.

Summary

Constitutional Amendment - Prohibits total fiscal year appropriations from exceeding estimated revenues. Authorizes the Congress to suspend this prohibition in time of war or national emergency. Prohibits any increase in the national debt as it exists on the ratification date. Establishes a schedule for its repayment.

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Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 January 1989

  Open at official source

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