Search Results: keywords:"economic emergencies"

  • H. J. RES. 3 — Proposing an amendment to the Constitution of the United States relative to balancing the budget.
    Status:Introduced in House
    Words:804

    H. J. RES. 3 proposes an amendment to the U.S. Constitution to help balance the national budget. The resolution requires that government spending does not exceed income and limits spending to 18% of the country's gross domestic product unless approved by a two-thirds majority in Congress. It...

    Simple Explanation

    The bill wants to make a new rule that says the government can't spend more money than it earns and needs special permission to spend extra or raise taxes. This would help keep the country's money balanced, but there are special rules for emergencies like wars.

  • H. J. RES. 2 — Proposing a balanced budget amendment to the Constitution of the United States.
    Status:Introduced in House
    Words:207

    H. J. RES. 2 proposes an amendment to the United States Constitution requiring that government spending does not exceed its income each fiscal year, effectively mandating a balanced budget. The amendment also states that any increase in the public debt of the United States is...

    Simple Explanation

    The bill is like a rule for the country's money, saying the government can't spend more than it earns each year, like how someone shouldn't spend more than they have in their piggy bank. It also says the government needs a lot of people to agree if it wants to make new ways to collect money, like taxes.