Indexing federal spending to the size of the U.S. economy without cutting Social Security, Medicare, or military benefits is a great way to reduce spending and balance the budget. An amendment like this is the only way to restrain Congress' spending.
There are too many spending priorities outside of entitlement programs and military benefits that would be woefully underfunded if federal spending was capped. This amendment will either lead to significant tax hikes or draconian spending cuts.