Proposing a balanced budget amendment to the Constitution requiring that each agency and departmentâ€™s funding is justified

That the following article is
			 proposed as an amendment to the Constitution of the United States, which shall
			 be valid to all intents and purposes as part of the Constitution when ratified
			 by the legislatures of three-fourths of the several States within seven years
			 after the date of its submission for ratification: Total outlays for any fiscal year shall not
				exceed total receipts for that fiscal year, unless three-fifths of the whole
				number of each House of Congress shall provide by law for a specific excess of
				outlays over receipts by a rollcall vote, but in no event shall total outlays
				for any fiscal year exceed the following: for the first fiscal year for which
				this article takes effect, 20 percent of the estimated gross domestic product
				of the United States for that year, and for each subsequent fiscal year, a
				percentage of the estimated gross domestic product equal to the applicable
				percentage for the preceding fiscal year reduced by .1 percentage point. Under
				this section, total spending for any fiscal year is not required to be less
				than 16 percent of the estimated gross domestic product of the United
				States. The limit on the debt of the United States
				held by the public shall not be increased, unless three-fifths of the whole
				number of each House shall provide by law for such an increase by a rollcall
				vote. Prior to each fiscal year, the President
				shall transmit to the Congress a proposed budget for the United States
				Government for that fiscal year in which total outlays do not exceed total
				receipts. No bill to increase revenue shall become
				law unless approved by a three-fifths majority of the whole number of each
				House by a rollcall vote. Any budget plan for a fiscal year for the
				Government submitted by the President to the Congress shall include a
				justification by each department or agency of the Government for any funding
				proposed for that department or agency in that plan. The justification shall
				include a justification each line item in the budget of that department or
				agency based upon its effect on carrying out its mission and its effect, if
				any, on the gross domestic product of the United States and an additional
				funding level below the requested number that would allow that department or
				agency to complete all of its critical mission functions. Total receipts shall include all receipts
				of the United States Government except those derived from borrowing. Total
				outlays shall include all outlays of the United States Government except for
				those for repayment of debt principal. The Congress shall enforce and implement
				this article by appropriate legislation, which may rely on estimates of outlays
				and receipts. The Congress may waive the provisions of
				this article for any fiscal year in which a declaration of war is in effect.
				The provisions of this article may be waived for any fiscal year in which the
				United States is engaged in military conflict or after any event which causes
				an imminent and serious military threat to national security and is so declared
				by a joint resolution or during which a natural disaster is declared by a joint
				resolution, adopted by a vote by two-thirds of each House, which becomes
				law. This article shall take effect beginning
				with the earlier of the tenth fiscal year beginning after its ratification or
				the first fiscal year beginning after any fiscal year in which the budget of
				the United States is not in
				deficit.

Summary: Constitutional Amendment - Prohibits total outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths rollcall vote of each chamber, authorizes a specific excess of outlays over receipts. Prohibits total outlays for any fiscal year from exceeding the following:   for the first fiscal year for which this Amendment takes effect, 20% of the estimated gross domestic product (GDP) of the United States for that year, and  for each subsequent fiscal year, a percentage of the estimated GDP equal to the applicable percentage for the preceding fiscal year reduced by .1%.  States, however, that spending for any fiscal year is not required to be less than 16% of the estimated GDP. Requires a three-fifths rollcall vote of each chamber to increase the public debt limit. Directs the President to submit a balanced budget (budget plan) to Congress annually. Prohibits any bill to increase revenue from becoming law unless approved by a three-fifths majority of the whole number of each chamber by rollcall vote. Requires the budget plan to include a justification by each federal department or agency for any funding proposed in that plan. Authorizes waivers of these requirements: (1) when a declaration of war is in effect or under other specified circumstances involving military conflict, or (2) during declaration of a natural disaster.