A resolution proposing an amendment to the Constitution of the United States to provide that, except in time of war or national emergency as declared by the Congress, expenditures of the United States in any fiscal year shall not exceed 20 per centum of the estimated gross national product for such year.

[AI summary unavailable — showing source text] Constitutional Amendment - Directs the President to forecast the gross national product for each fiscal year and to ensure that the total expenditures proposed in the budget submitted to Congress for each fiscal year do not exceed 20 percent of such forecast.…