[LivingNet]

A balanced budget amendment would have to have a few things in it:
1. No unfunded mandates passed onto the states
2. Can only spend what was brought in during the previous years income cycle.
3. ALL taxes can never be more than 20% of GDP (pick a number...but there has to be some cap in the law).

[Texas Eagle]

A balanced budget amendment would have to have a few things in it:
1. No unfunded mandates passed onto the states

"The only thing worse than an unfunded mandate is a funded mandate" -- P.J. O'Rourke.

2. Can only spend what was brought in during the previous years income cycle.

Amen.

3. ALL taxes can never be more than 20% of GDP (pick a number...but there has to be some cap in the law).

10% is good enough for God, it should be good enough for Government. But, agree in principle.