Joint resolution proposing an amendment to the Constitution of the United States to provide that appropriations made by the United States shall not exceed its revenues, except in time of war or national emergency; and to provide for the systematic paying back of the national debt.

Constitutional Amendment - Stipulates that appropriations made by the United States shall not exceed its revenues, except in time of war or national emergency. Provides for the systematic paying back of the national debt over the one-hundred year period beginning with the ratification of this amendment.