Missourian
Diamond Member
It will require a Constitutional Amendment that:Yes, I know it is difficult to pass a Constitutional amendment, but I see no alternative.
Critique.
1) Would require a National Balanced Budget
2) Would allow deficit spending ONLY in the event of a crisis and would require a 2/3rds majority vote in Congress AND Presidential authorization.
3) Would institute a Value Added Tax, the revenues from which would apply 100% to reducing the deficit.
4) The Value Added Tax would sunset after the deficit was paid off. It could be re-instituted to pay off any new deficit spending that resulted from crisis deficit spending.
5) Would outlaw Value Added Taxes for any other purpose than paying off the deficit.
2) Would allow deficit spending ONLY in the event of a crisis and would require a 2/3rds majority vote in Congress AND Presidential authorization.
3) Would institute a Value Added Tax, the revenues from which would apply 100% to reducing the deficit.
4) The Value Added Tax would sunset after the deficit was paid off. It could be re-instituted to pay off any new deficit spending that resulted from crisis deficit spending.
5) Would outlaw Value Added Taxes for any other purpose than paying off the deficit.
Critique.
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