S.J.RES.60: A joint resolution to provide for a Balanced Budget Constitutional Amendment that prohibits the use of Social Security surpluses to achieve compliance.

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Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts (except those derived from borrowing) for that fiscal year unless the Congress, by a three-fifths roll call vote of each House, authorizes a specific excess of outlays over receipts. Bars any surplus of receipts (including interest) over outlays of the Federal Old-Age and Survivors Insurance and the...

(Source: Library of Congress)

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Date Description
Read twice and referred to the Committee on Judiciary.
Oct. 1, 1998

Introduced in the Senate by Phil Gramm (R-Texas)

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