[Thane_Banquo]

Where will those nearly 5% of budget cuts come from if such an amendment should pass?

Take every outlay in the federal budget and divide it by 1.05. Poblem solved. The vast majority of real, outside-the-beltway Americans won't notice any difference whatsoever. Actually, they will probably notice a small increase in their standard of living since the private sector will deploy that extra 5% more efficently than Washington.

[wgmalabama]

The budget shortfall is 5% of GDP. Put another way about 30% of spending. So divided by 1.3. That is still doable.