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Trump holds wide leads in Iowa, South Carolina: polls
(thehill.com)
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While I appreciate the sentiment, such a law would be far too rigid to work in practice. What happens if we get into another world war? Military spending goes up by necessity, but then so does education and the military budget has a much lower ceiling than it would otherwise.
Obviously there would be exceptions, but in general for the last few decades, we have been mainly engaging conflicts outside of the US. So until it is in our home territory, it a good idea to put a limit on the military and divert fund to education. Don't Let the Perfect Be the Enemy of the Good