Section 1. Except as provided in section 2, total outlays of the Federal government in any fiscal year shall not exceed ten percent of the Gross Domestic Product of the United States in the preceding year.
Section 2. When the United States are participating in an armed conflict, Congress may appropriate funds in excess of that allowed in section 1; however, outlays for purposes not directly related to the prosecution of the conflict shall, in each year, be reduced by ten percent of the previous year's amounts, until such time as the conflict is ended.
Section 3. The method of calculation for the Gross Domestic Product used to compute the allowable outlays shall not be modified from that used at the time this article was submitted for ratification.
Section 4. This article shall be inoperative unless it shall have been ratified as an amendment to the Constitution by the legislatures of three-fourths of the several states within seven years from the date of its submission to the states by the Congress.
2026-August-05