A joint resolution proposing an amendment to the Constitution to promote fiscal responsibility.

Constitutional Amendment - Requires the Congress to adopt a balanced budget, unless three-fifths of each House votes to approve a budget in which expenditures exceed receipts. Prohibits any appropriation bill which would cause expenditures to exceed the amount adopted in the budget. Prohibits receipts from exceeding the proportion of national income collected in the prior year, unless a specific increase is passed by each House. Authorizes the waiver of the balanced budget provisions in the case of war.