A constitutional amendment that would...
1) Require all state governments to balance their budgets.
2) Require the federal government to balance its budget.
3) Places financial control of any state that enters financial default, or the federal government it it runs a deficit of more than $1 Trillion for more than 2 years, in the hands of a financial manager selected by the governors of all states currently running a surplus until that entity returns to a surplus condition.
4) Requires the federal government to pay the costs for resolution of default by a state as administered by the selected financial manager.
5) Removes federal voting rights of residents of a state that enters default until such time as it returns to a surplus and repays all costs to the federal government.