Yes and no, Stuka. It would only make vetoing a budget a thing of the past, in other words, it would streamline the budget process. But ONLY if the Congress decides to spend MORE then they get in taxes. Bear in mind, if Congress decides to actually, don’t faint now, spend ONLY what it has without a deficit, then it only needs a simple majority and a signature instead of a super majority AND a signature. Likewise, if the budget has no deficit, then a veto can still be over-ridden by a super majority.
The whole idea is to make it SOO hard to go into debt that most times the country will operate above board.
In fact, I’d like to see legislation that states that 10% of all taxes MUST be invested in local government or domestic corporate bonds. (Relatively secure, helps the country or countrymen.) Eventually, the feds should have enough invested throughout the land that they will never need to tax the people again.
Furthermore, that’s not so outlandish an idea. Many governments domestically and abroad are buying mutual funds to supplement their income so they can ease the tax burden. Why can’t the feds?
