Subject: tax, budget, debt Comment: To avoid building up huge national debt we need a system to pay for unexpected, outside of budget expenses, We need to “mortgage the debt” over a specified period of time As well as trim expenditures when the cost is severe. Payments for this “mortgaged debt” would be a surtax on Whatever one pays with currents rates and rules This surtax would be canceled when the debt has been paid Examples of such debt are a war or disasters Currently some of the “mortgages” we would have are for Afghanistan, Iraq, probably Bosnia and last year’s hurricanes. Government or taxation that is not transparent is not democratic We need to be aware of how this nation is spending our tax dollars Or how much it is borrowing Currently we have an expensive war for which no one is paying With the exception of our soldiers |