Liability
Locked Account.
...how would we have funded the Afghan and Iraq wars?
Astounding ignorance -- just another day in carbuncle-ville.
Here's ONE proposed VERSION of a Balanced Budget Amendment.
-- Bill Text - 112th Congress (2011-2012) - THOMAS (Library of Congress)The Library of Congress > THOMAS Home > Bills, Resolutions > Search Results
Bill Text
112th Congress (2011-2012)
H.J.RES.2.IH
H.J.RES.2 -- Proposing a balanced budget amendment to the Constitution of the United States. (Introduced in House - IH)
HJ 2 IH
112th CONGRESS
1st Session
H. J. RES. 2
Proposing a balanced budget amendment to the Constitution of the United States.
IN THE HOUSE OF REPRESENTATIVES
January 5, 2011
Mr. GOODLATTE (for himself, Mr. HENSARLING, Mr. SMITH of Texas, Mr. COFFMAN of Colorado, Mr. ADERHOLT, Mr. AKIN, Mr. ALEXANDER, Mrs. BACHMANN, Mr. BACHUS, Mr. BARTON of Texas, Mrs. BIGGERT, Mr. BILBRAY, Mr. BILIRAKIS, Mr. BISHOP of Utah, Mr. BONNER, Mr. BOREN, Mr. BOUSTANY, Mr. BRADY of Texas, Mr. BROOKS, Mr. BROUN of Georgia, Mr. BUCHANAN, Mr. BURGESS, Mr. BURTON of Indiana, Mr. CAMPBELL, Mr. CARTER, Mr. CASSIDY, Mr. CHAFFETZ, Mr. COBLE, Mr. COLE, Mr. CONAWAY, Mr. CRAWFORD, Mr. CULBERSON, Mr. DAVIS of Kentucky, Mr. DENT, Mr. DIAZ-BALART, Mr. DUNCAN of Tennessee, Mrs. EMERSON, Mr. FLEMING, Mr. FLORES, Mr. FORBES, Mr. FORTENBERRY, Mr. FRANKS of Arizona, Mr. GALLEGLY, Mr. GARDNER, Mr. GARRETT, Mr. GERLACH, Mr. GOHMERT, Mr. GRIFFITH of Virginia, Mr. HALL, Mr. HARPER, Mr. HELLER, Mr. HERGER, Mr. HULTGREN, Mr. HURT, Mr. ISSA, Mr. SAM JOHNSON of Texas, Mr. JONES, Mr. JORDAN, Mr. KING of Iowa, Mr. KINGSTON, Mr. LAMBORN, Mr. LANCE, Mr. LATTA, Mr. LOBIONDO, Mr. LUCAS, Mr. LUETKEMEYER, Mrs. LUMMIS, Mr. DANIEL E. LUNGREN of California, Mr. MACK, Mr. MANZULLO, Mr. MARINO, Mr. MATHESON, Mr. MCCAUL, Mr. MCCLINTOCK, Mr. MCHENRY, Mr. MCKEON, Mr. MCKINLEY, Mrs. MCMORRIS RODGERS, Mr. MILLER of Florida, Mrs. MILLER of Michigan, Mr. MURPHY of Pennsylvania, Mrs. MYRICK, Mr. NEUGEBAUER, Mr. NUGENT, Mr. OLSON, Mr. PENCE, Mr. PETERSON, Mr. PLATTS, Mr. POE of Texas, Mr. POSEY, Mr. PRICE of Georgia, Mr. REED, Mr. REHBERG, Mr. REICHERT, Mr. RIBBLE, Mr. RIGELL, Mrs. ROBY, Mr. ROE of Tennessee, Mr. ROGERS of Kentucky, Mr. ROSKAM, Ms. ROS-LEHTINEN, Mr. ROSS of Florida, Mr. ROYCE, Mr. SCALISE, Mr. SCHILLING, Mr. AUSTIN SCOTT of Georgia, Mr. SENSENBRENNER, Mr. SESSIONS, Mr. SHIMKUS, Mr. SHUSTER, Mr. SIMPSON, Mr. SMITH of Nebraska, Mr. SULLIVAN, Mr. THOMPSON of Pennsylvania, Mr. TURNER, Mr. UPTON, Mr. WESTMORELAND, Mr. WILSON of South Carolina, Mr. WITTMAN, Mr. WOLF, Mr. YOUNG of Alaska, Mr. GARY G. MILLER of California, Mr. MEEHAN, Mrs. BLACKBURN, Mr. CALVERT, Mr. FARENTHOLD, Mr. GRAVES of Missouri, Mr. HUNTER, Mr. LEWIS of California, Mr. PEARCE, Mr. PITTS, Mr. POMPEO, Mr. SCHOCK, Ms. GRANGER, Mr. WALDEN, Mr. CUELLAR, Mr. BARTLETT, and Mr. CHABOT) introduced the following joint resolution; which was referred to the Committee on the Judiciary
JOINT RESOLUTION
Proposing a balanced budget amendment to the Constitution of the United States.
Resolved by the Senate and House of Representatives of the United States of America in Congress assembled (two-thirds of each House concurring therein), That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission for ratification:
`Article--
`Section 1. Total outlays for any fiscal year shall not exceed total receipts for that fiscal year, unless three-fifths of the whole number of each House of Congress shall provide by law for a specific excess of outlays over receipts by a rollcall vote.
`Section 2. The limit on the debt of the United States held by the public shall not be increased, unless three-fifths of the whole number of each House shall provide by law for such an increase by a rollcall vote.
`Section 3. Prior to each fiscal year, the President shall transmit to the Congress a proposed budget for the United States Government for that fiscal year in which total outlays do not exceed total receipts.
`Section 4. No bill to increase revenue shall become law unless approved by a majority of the whole number of each House by a rollcall vote.
`Section 5. The Congress may waive the provisions of this article for any fiscal year in which a declaration of war is in effect. The provisions of this article may be waived for any fiscal year in which the United States is engaged in military conflict which causes an imminent and serious military threat to national security and is so declared by a joint resolution, adopted by a majority of the whole number of each House, which becomes law.
`Section 6. The Congress shall enforce and implement this article by appropriate legislation, which may rely on estimates of outlays and receipts.
`Section 7. Total receipts shall include all receipts of the United States Government except those derived from borrowing. Total outlays shall include all outlays of the United States Government except for those for repayment of debt principal.
`Section 8. This article shall take effect beginning with the later of the second fiscal year beginning after its ratification or the first fiscal year beginning after December 31, 2016.'.
Nothing to wet your panties over carbuncle. Section 2 could cover it.