Proposing an amendment to the Constitution of the United States prohibiting the United States Government from increasing its debt except for a specific purpose by law adopted by three-fourths of the membership of each House of Congress.

Does this make the government pay for what it commits to?+6

The requirement for a supermajority vote for debt increases is intended to ensure more disciplined federal fiscal management.

Does this reduce what the federal government owes?+5

The bill imposes a strict three-fourths supermajority requirement to increase debt, which aims to limit the growth of the national debt.

Does this reduce what the federal government spends?+4

By making it harder to increase debt, the bill creates a structural barrier to new government spending.

Does this give the federal government more power?-3

The bill restricts the federal government's ability to autonomously increase debt through simple majorities.

Would households on low incomes be better off under this?-2

Restricting federal debt capacity may limit future funding for social safety net programs that benefit low-income households.

Would retired people be better off under this?-2

The debt limit could potentially make it harder to fund future social security or healthcare obligations.