A joint resolution proposing an amendment to the Constitution of the United States to protect Social Security.

Constitutional Amendment - Declares that: (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; (2) the limit on U.S. debt 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; (3) prior to each fiscal year, the President shall transmit to the Congress a proposed budget for the Government for that fiscal year in which total outlays do not exceed total receipts; (4) no Act to increase revenue shall become law unless approved by a majority of the whole number of each House by a rollcall vote; (5) the Congress may waive the provisions of this amendment for any fiscal year in which a declared war is in effect, or 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; (6) total receipts shall include all receipts of the Government, except those derived from borrowing, and total outlays shall include all outlays of the Government, except for those for repayment of debt principal; and (7) the receipts and outlays of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (social security trust funds) that are used to support the Old Age, Survivors and Disability Insurance program (title II of the Social Security Act) shall not be counted as receipts or outlays for purposes of this amendment.