Proposing an amendment to the Constitution of the United States related to the public debt.
Summary
This document is a joint resolution proposing an amendment to the U.S. Constitution regarding the public debt. It was introduced in the House of Representatives on August 15, 2025, and referred to the Committee on the Judiciary. The proposed amendment aims to limit government spending and debt accumulation.
Expected Effects
If ratified, this amendment would impose strict limits on government spending and debt. It would require voter approval for increases to the debt limit and mandate presidential impoundment of funds if debt exceeds a certain threshold. It also requires a two-thirds vote in Congress for new or increased general revenue taxes.
Potential Benefits
- Could lead to greater fiscal discipline and reduced national debt.
- May increase government transparency and accountability.
- Potentially stabilizes the economy by limiting excessive spending.
- Could force Congress to prioritize spending and make difficult choices.
- May reduce the risk of future financial crises related to debt.
Most Benefited Areas:
Potential Disadvantages
- Could hinder the government's ability to respond to economic crises or emergencies.
- May lead to cuts in essential government services and programs.
- The requirement for state legislature approval of debt increases could create political gridlock.
- The impoundment provision could lead to arbitrary cuts in spending.
- The two-thirds vote requirement for tax increases could make it difficult to raise revenue.
Constitutional Alignment
The proposed amendment aligns with the principles of limited government and fiscal responsibility, which are arguably implicit in the Constitution. However, it also introduces new constraints on the powers of Congress and the President, potentially altering the balance of power established in Articles I and II. The amendment process itself is in accordance with Article V of the Constitution.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).