Proposing an amendment to the Constitution of the United States to control spending.

[AI summary unavailable — showing source text] Constitutional Amendment - Prohibits annual federal outlays for a fiscal year (except those for repayment of debt principal) from exceeding one-fifth of economic output of the United States of America, unless two-thirds of each chamber provides for a specific increase of outlays above this amount. Authorizes waiver of this article when a declaration of war is in effect.…