A better idea in my opinion would be to do what they did in the 1990's. During the development of the Federal budget, if a piece of legislation was introduced that had some spending, it was required to include the funding source. And if tax cuts were introduced, they were required to include what spending would be cut to pay for it.
It's called Pay as you Go, and it allowed us to reach a balanced budget which would have started to allow us to pay off the debt in 2001, except Bush ran on a platform of giving all this money back to people and he won because he made promises.
I certainly like that better than what we have now.
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