I'll agree on the balanced budget Guy. It'd be the green light for higher taxes forever if approved. What's the better alternative? Well, it'd probably take a Constitutional Amendment, but I feel it'd have the best shot at holding spending levels by the gooberment, at levels approaching rationality.
(18), YES, that's eighteen percent of GDP is the top, max, ultimate, complete, line-in-the-sand, be-all, end all level that the Fed., Goob., has to spend each and every year. That's it, and it can never be more. Sure could be less, (never happen) but it could never be more than that 18% of GDP.