Balanced Budget Amendment

A balanced-budget amendment is a constitutional rule requiring that the state cannot spend more than its income. It requires a balance between the projected receipts and expenditures of the government.

Balanced-budget provisions have been added to the constitutions of most U.S. states, the Basic Law of Germany, Spain, Italy and the Swiss Constitution. It is often proposed that a balanced-budget rule be added to the national United States Constitution. Most balanced-budget provisions make an exception for times of war, national emergency, or recession, or allow the legislature to suspend the rule by a supermajority vote.

Famous quotes containing the words amendment, balanced and/or budget:

    [Asserting] important First Amendment rights ... why should [executions] be the one area that is conducted behind closed doors?... Why shouldn’t executions be public?
    Phil Donahue (b. 1935)

    I balanced all, brought all to mind,
    The years to come seemed waste of breath,
    A waste of breath the years behind
    In balance with this life, this death.
    William Butler Yeats (1865–1939)

    A budget takes the fun out of money.
    Mason Cooley (b. 1927)