The bill S. 4268 proposes an amendment to the U.S. Constitution to require that the federal government not spend more money than it receives each year. Exceptions to this rule would be allowed if three-fifths of Congress approves or during times of war or severe economic...
Simple Explanation
The bill is like a rule saying the U.S. government's allowance each year must not be more than it earns, except if lots of Congress people agree or during emergencies like a war. It also says important money for people, like for Social Security, should be safe from cuts.