Balanced Budget resolution

A joint resolution proposing an amendment to the Constitution of the United States relative to require a balanced budget and protect Social Security surpluses.

1/4/2007--Introduced.
Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts (except those derived from borrowing) for that fiscal year unless the Congress, by a three-fifths roll call vote of each House, authorizes a specific excess of outlays over receipts. Bars any surplus of receipts (including interest) over outlays of the Federal Old-Age and Survivors Insurance and the Federal Disability Insurance Trust Funds from being counted for purposes of this article. Requires any deficit of receipts (including interest) relative to outlays of such trust funds to be counted and to be completely offset by a surplus of all other receipts over all other outlays. Requires a three-fifths roll call vote of each House to increase the public debt. Directs the President to submit a balanced budget to the Congress. Prohibits any bill to increase revenue from becoming law unless approved by a majority of each House by a roll call vote. Authorizes the Congress to waive these provisions when:
(1) a declaration of war is in effect; or
(2) the United States is engaged in military conflict which causes an imminent and serious military threat to national security as declared by a joint resolution which becomes law. Allows any enforcement or implementation legislation of the Congress to rely on estimates of outlays and receipts.


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Sponsor

• Sen. Larry Craig [R, ID]
• and 1 Co-Sponsors
  • Sen. John Thune [R, SD]
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Committees

• Senate Judiciary

Amendments

This bill has no amendments.

Amendments to S.J.Res.1

Number	Status	Purpose

Bill Status

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Introduced		Voted on by Senate
January 04, 2007

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All Bill Actions

• Jan 04, 2007: Read twice and referred to the Committee on the Judiciary.
• Jan 04, 2007: Sponsor introductory remarks on measure. (CR S186-187)
• Introduced on Jan 04, 2007.
• Jan 04, 2007: Introductory remarks on measure. (CR S186-187)

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Related Issue Areas:

• Budgets
• Balanced budgets
• Budget deficits
• Budget surpluses
• 16 more
• Congress
• Constitution
• Constitutional amendments
• Debt limit
• Federal budget process
• Federal budgets
• Government trust funds
• House rules and procedure
• Legislation
• Old age, survivors and disability insurance
• Record votes
• Senate rules and procedure
• Social security
• Social security finance
• Tax rates
• Taxation

Data from the Congressional Research Service

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Blog Coverage

October 05, 2008 McCain, Obama say they are different; vote records show they're ...

(SJ Res 1) McCain and Obama voted no. 11. EMBRYONIC STEM CELLS: Senators on July 18, 2006, voted, 63-37, to send President Bush a bill (HR 810) to extend federal financing of embryonic stem-cell research beyond limits he set in 2001. ...

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August 29, 2008 Palin & Biden on Equality

Reference: Marriage Protection Amendment; Bill SJ Res. 1 ; vote number 2006-163 on Jun 7, 2006. On Civil Unions/Relationship Recognition:. But one of the things I think more Americans are trying to figure is whether or not somehow a gay ...

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Source: Steel City Stonewall Democrats

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August 28, 2008 With as much media hype during this Presidential Election, I would ...

Also, I've heard much radio talk commentary on Barack's stand in regards to Same Sex Marriage Resultion (SJ Res 1: A joint resolution proposing an amendment to the Constitution of the United States relating to marriage) and according to ...

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