We support the idea of creating a Federal Deficit Bond, which is provided to citizens in exchange for any tax increase. The rate on the deficit bond would be directly tied to a reduction in the deficit. Citizens can hold these bonds or sell them.
Citizens would have a direct financial interest in watching the deficit and holding Congress accountable for the Deficit.
Why is this important?
We support the idea of creating a Federal Deficit Bond, which is provided to citizens in exchange for any tax increase.
