A joint resolution proposing an amendment to the Constitution of the United States which prohibits the Congress from making any law which causes the total amount of money expended by the United States in any fiscal year to exceed the total amount of revenue of the United States received during that fiscal year.

Constitutional Amendment - Prohibits Congress from making any law which causes the total amount of money expended by the United States in any fiscal year from exceeding the total amount of revenue of the United States received during such fiscal year.

Provides for a suspension of such prohibition during a time of war or of national emergency declared by the Congress.

Makes this article effective for the second fiscal year beginning after its ratification.