20% of GDP, how about 5%! Even The Lord has only ever required 10%. (Consecration had to be willingly accepted).
The most effective method to balancing the budget is by ensuring Congress eliminates those federal programs and agencies that are not associated with any of the enumerated powers listed in Article 1 Section 8 of the Constitution. There will not be any chance of balancing the budget until we return to the Constitution with the limited form of government our founding fathers intended when they wrote the Constitution.
Well, this is a loser of an idea.
Just what the rats need - - “Hey, don’t blame us for raising taxes through the roof again - - the Constitution says we have to!”
Tax revenues run traditionally no matter what the rates at 18% of GDP.
IRC, One proposal was for Congress to only spend -2% below the traditional revenue intake, (or was it a percentage of GDP again below what they are spending.)
That would send Congress to Washington to make really hard decisions.
That would also open the door for a Flat Tax IMHO...
Republicans are only talking a 2% reduction.
We DO need a balanced budget amendment to stop all the nonsense.