Search Results: keywords:"public debt limit"

  • H. J. RES. 11 — Proposing a balanced budget amendment to the Constitution requiring that each agency and department’s funding is justified.
    Status:Introduced in House
    Words:813

    H. J. RES. 11 proposes an amendment to the U.S. Constitution that requires the government to maintain a balanced budget, meaning annual spending should not exceed revenues unless approved by a three-fifths majority in Congress. It sets a limit on how much of the GDP can be spent each year,...

    Simple Explanation

    In a plan called H. J. RES. 11, there's a big rule that says the government shouldn't spend more money than it has unless a lot of people in charge agree, and every part of the government has to explain why they need money. This rule can change in special times, like wars or big storms.

  • H. J. RES. 10 — Proposing a balanced budget amendment to the Constitution of the United States.
    Status:Introduced in House
    Words:595

    H. J. RES. 10 proposes an amendment to the United States Constitution that would require the federal government to not spend more money than it receives in a fiscal year, unless three-fifths of both the House and the Senate agree to allow more spending. It also says that the...

    Simple Explanation

    H. J. RES. 10 is like a rule saying that the government can't spend more money than it earns, like how you can't buy more toys if you don't have enough allowance. They can only do this if most of the grown-ups in charge agree, and they have special rules for emergencies like a big battle.