How about a tax system that uses algebra to tie rates to spending, to produce balanced budgets, with Congress filling in the blanks? The only exceptions (i.e., when a balanced budget would not be required) could be for true catastrophic conditions - which, yes, would be abused by Congress unless cast in stone.
That is absolutely correct. Automated spending increases will be the end of us. Your idea that any increases in available funds ought to be debated and allocated only to the extent new revenue develops sounds like a big step in the right direction.
How about a tax system that uses algebra to tie rates to spending, to produce balanced budgets, with Congress filling in the blanks? The only exceptions (i.e., when a balanced budget would not be required) could be for true catastrophic conditions - which, yes, would be abused by Congress unless cast in stone.
That is absolutely correct. Automated spending increases will be the end of us. Your idea that any increases in available funds ought to be debated and allocated only to the extent new revenue develops sounds like a big step in the right direction.