House may consider new transaction tax.

[Sgt. McGee 27]

I don't mind contributing to my country in reducing its debt if it means my country will be better off and I will be better off and the society will be better of in meaningful and tangible ways.

If you're paying taxes, then you're already contributing to pay off the debt. The problem is, congress is spending the money faster than you can contribute it. There's no reason to think that any tax/fee/surcharge/etc imposed to "pay off the debt" is going to be any more effective in that effort than our current tax revenues are.

Besides, if you REALLY want to put your money where your mouth is, send your check here:

Attn Dept G

Bureau of the Public Debt

P. O. Box 2188

Parkersburg, WV 26106-2188

(more info here: http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm)

I saw somewhere else that since 1982, there've only been about 16,000 contributors.

Oh, what's that? You'd rather just have them impose another tax on us? No thanks.

[IndigoSkies 168]

Well, I can't really make a dent on the 3 trillion dollars worth of debt by contributing myself. Even if I contributed everything I earned all my life. It only works if everyone pays. The only way everyone will pay is if they are made to pay through tax, transaction fee/tax, whatever.

Thanks for the address and the link. I will make a payment symbolically. Is this for real? I don't want to be scammed.

[Hilarious Clinton 452]

That's not what contributes to the national debt. Noone cares about your person debt.

On topic, if we are all so concerned about the national debt we should all put our money where our mouths are. That is contribute to reducing the debt. I wouldn't mind paying a reason amount of fee for every transactions to the government such as during buying or selling a house. It's not like I buy and sell house everyday. It will probably happen once or twice in my life. I also wouldn't mind paying a a reasonable fee to use ATM transactions. The keyword is reasonable. I don't mind contributing to my country in reducing its debt if it means my country will be better off and I will be better off and the society will be better of in meaningful and tangible ways.

No sh!t.

Ignorance is bliss.... isn't it?

ETA: sorry for going over your head

Edited July 9, 2010 by John Galt

[Mr. Big Dog 10,747]

The only way to change that is by electing fiscally conservative politicians, otherwise they will always spend more than they take in.

That species was extinct a long time ago.

Edited July 9, 2010 by Mr. Big Dog

[I AM NOT THAT GUY 5,715]

That species was extinct a long time ago.

Sad, but true. We miss the likes of Tim Penny, John Kasich, and Pete Domenici.