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High Quality Content by WIKIPEDIA articles! The Balanced Budget Amendment is any one of various proposed amendments to the United States Constitution which would require a balance in the projected revenues and expenditures of the United States government. Most such proposals contain a supermajority exception allowed for times of war or national emergency. While no balanced budget amendment has passed at the national level, every US state except Vermont has a form of Balanced Budget Amendment. This article primarily addresses national proposals; see States section for discussion of state-level amendments. The vast majority of U.S. economists, in accordance with accepted macroeconomic theory, believe that if the federal budget is to be balanced, it should be balanced over the course of the business cycle rather than over every fiscal year.