Wednesday, April 14, 2010

HOW TO END NATIONAL DEBT

SPECIAL POST

As it is, Congress has absolutely no constraints when it comes to spending our money.  If there's not enough money to go around, they simply raise taxes or institute new taxes.  If they can't raise taxes, they print more money.  I cannot remember any occasion in the past 40 years where the government has actually reduced spending on anything.  

I propose that we freeze all government wages for the next 10 years, including Congress.  The next step is to create a bonus pool.  Out of every dollar that they decrease the federal deficit based on actual spending, (not budgeted spending), we'll take 25% or 30% and throw it into the bonus pool.  At the end of each year, we'll divide the pool up among Congress and government employees. 

Within 10 years, we can be a debt free nation.

That's MY AMERICAN OPINION, respectfully submitted. 

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