Congress Stops Deficits?
How do you get Congress to stop deficit spending? Well, how about slashing their paychecks every year the federal government runs a deficit?
That’s what a new bill, H.R. 500, “The Fiscal Responsibility Act of 2007,”
would do. For every year that federal expenditures exceed revenues there would be a congressional pay cut of 5 percent for the first year, and 10 percent for any consecutive subsequent year. (Spending related to war or a direct response to a terrorist attack would not be counted.)
This reduction would continue until salaries reached zero. Which, given
Congress’s spending habits, might happen pretty darn fast.
The bill has five sponsors so far. Alas, passage is a long shot, to put it
mildly. But it sure would be fun to watch Congress panic should it even come close to becoming law.
(Source: Downsize DC:
http://action.downsizedc.org/wyc.php?cid=64 )
April 11th, 2008 at 12:24 am
Risky theme. I think you’ve hurt someone’s feelings, but what’s for me - I like it. No matter what they say if your opinion is true.