Dan Mitchell says the Obama plan for automatic tax increases when Congress overspends is a bad idea. At that rate the government will own us all before long. He has a counter proposal. There are more in the comments. I have one myself.
There is a better way: decimation.There is nothing like imminent demise to focus the mind.
If Congress and the President over spend put their names in an (electronic) hat and hang 10% of them. Live – Pay Per View. It might even raise significant revenue. At least it would pay for the hanging. Pay Go!
Cross Posted at Classical Values