This won’t amount to a fart in a hurricane.
Plus, beside being derelict in duty and accountability-averse, Congress doesn't abide by the Constitution anyway, making an amendment toothless in action. This is nothing but smoke from the usual suspects.
Looks like he’s revisiting the balance portion of cut, cap and balance
ALL budgets where liabilities equal assets are “balanced”; any budget otherwise is unbalanced, and prima facie evidence of an error in the books...or hankie-pankie.
A “balanced budget” has nothing to do with borrowing or going in to debt or otherwise “deficit spending”; nor with having a surplus of some sort, as long as it is itemized, and both ledger sheets add up to the same total.
What they need is an amendment requiring that ALL spending and income be “on the books”; and that the books be kept in accordance with “Generally Accepted Accounting Principles”.
They won’t balance the budget without the amendment, and they won’t balance the budget with it because you know it’s going to have some sort of escape clause that will give them an excuse not to make the hard decisions.
8 years too late delta bravos.