The resolution, H.C.R. No. 82, introduced by Representative Raymond, addresses the ongoing issue of the federal government's fiscal irresponsibility, particularly its persistent budget deficits. It highlights the detrimental effects of deficit spending, which forces the U.S. Treasury to sell bonds and incur interest payments, ultimately limiting funds available for new programs or tax cuts. The resolution argues that previous attempts at fiscal restraint, such as the Gramm-Rudman-Hollings legislation and "PAYGO" rules, have been ineffective due to their vulnerability to changes by simple majorities in Congress.

To ensure lasting fiscal discipline, the resolution calls for a constitutional amendment that mandates a balanced federal budget, requiring approval from two-thirds of Congress and three-quarters of the states. The Texas Legislature urges Congress to propose this amendment to prevent future deficits and promote responsible use of taxpayer dollars. Additionally, the resolution instructs the Texas Secretary of State to send copies to key federal officials and members of the Texas congressional delegation, requesting that it be entered into the Congressional Record.