I have come to the realisation that no one in Government gives a shit about the deficit, but this is an incredibly simple solution that would inevitably balance the budget at some point in time.
Here it is. We are currently running a budget of more than 3 trillion dollars, with a 1.6 trillion dollar deficit.
Why dont we simply create a rule whereby every single spending increase must either be met with an equal spending decrease from somewhere else, or an equal tax increase in order to off set it, until we are running a surplus.
So if we currently have a 3.5 trillion dollar budget, in order for spending to increase in some area next year, it must be offset either with a tax increase, or else a spending decrease from somewhere else. We are never allowed to spend more then 3.5 trillion dollars until we take in more then 3.5 trillion dollars, and we are never allowed to add more to the deficit then the previous fiscal year. Force these fuckers in congress to make someone feel the pain for their deicisons to spend/tax more, and see how much the people like it when they realise that the higher spending has consequences. Why are we allowing government spending to increase, when we dont have the money to pay for it?
There isnt a business in the world that would last more then a a couple years if they were increasing spending at a time when revenues were decreasing or staying flat, so why dont we hold the government to the same standard? How has it become acceptable to increase the size of government, with no money to back it up?
I dont understand why someone hasnt already pushed this simple idea which would force politicians on both sides to eventually work together on putting us on a path to fiscal solvency. Under this plan we dont even have to increase taxes, or cut spending (which all politicians seem opposed to) we just have to let this shit stay the same while we inflate our way out of the mess.
Here it is. We are currently running a budget of more than 3 trillion dollars, with a 1.6 trillion dollar deficit.
Why dont we simply create a rule whereby every single spending increase must either be met with an equal spending decrease from somewhere else, or an equal tax increase in order to off set it, until we are running a surplus.
So if we currently have a 3.5 trillion dollar budget, in order for spending to increase in some area next year, it must be offset either with a tax increase, or else a spending decrease from somewhere else. We are never allowed to spend more then 3.5 trillion dollars until we take in more then 3.5 trillion dollars, and we are never allowed to add more to the deficit then the previous fiscal year. Force these fuckers in congress to make someone feel the pain for their deicisons to spend/tax more, and see how much the people like it when they realise that the higher spending has consequences. Why are we allowing government spending to increase, when we dont have the money to pay for it?
There isnt a business in the world that would last more then a a couple years if they were increasing spending at a time when revenues were decreasing or staying flat, so why dont we hold the government to the same standard? How has it become acceptable to increase the size of government, with no money to back it up?
I dont understand why someone hasnt already pushed this simple idea which would force politicians on both sides to eventually work together on putting us on a path to fiscal solvency. Under this plan we dont even have to increase taxes, or cut spending (which all politicians seem opposed to) we just have to let this shit stay the same while we inflate our way out of the mess.
