H.J.Res. 139 — Proposing an amendment to the Constitution of the United States requiring a balanced budget for the Federal Government.

H.J.Res. 139 — Proposing an amendment to the Constitution of the United States requiring a balanced budget for the Federal Government. | JustPolicyThe main purpose of this legislative proposal is to amend the U.S. Constitution to require the federal government to maintain a balanced budget. This means that the government cannot spend more money than it collects in revenue, with specific rules and exceptions outlined in the proposal. Key provisions of this proposal include several important rules. First, it states that total government spending for a year cannot exceed the average revenue collected over the previous three years, adjusted for population growth and inflation.