The bad thing about that idea is that congress will just increase their spending. We need term limits.

I have a better idea. Whenever you get a chance, vote against any incumbent member of congress until those people learn to their job.

YES, I sure wish Bill Clinton wouldn't have been asleep at the wheel. We will pay for the ills of the Clinton administration for years to come.

ur joking right. isnt it enough that we have to pay taxes, shouldnt bush use that money for paying the fed debt instead of his illegal war

The Republican party doesn't think so. THEY JUST KEEP SPENDING. I can't wait until NOV 2008, to kick all those republicans outta office

People already pay towards the public debt. Its called the income tax. All the income tax everyone pays goes toward the interest on all the monies loaned to the U.S. by the private bank The Federal Reserve.
No matter how much the U.S. pays toward the debt, it can never be paid off.
If you borrowed $10 from a friend with $2 interest, you owe him $12. So you borrow $12 from him to pay back the $12. But in borrowing you the $12, you now owe him $14. So you borrow $14, to pay him back. But with $2 interest added, you now owe him $16. As you continue to borrow from him to pay him the amount continues to get bigger, along with the amount of interest.
So you see, there is no way the loan can ever be paid back when the person you are loaning from is the same person that you are getting money from to pay back the loan.

The is the relationship that the U.S has with the Federal Reserve. No matter how much money it borrows to us, we will never get out of debt with it....in fact, the debt will just continue to increase.

And the way the U.S attempts to pay this loan back is through the IRS and income tax. But the amount of the loan is so big at this point that all the money brought in through income taxes just pays back part of the interest.

At this point there is no realistic way to pay it back. The Federal Reserve (private international bankers) actually own much of the U.S., through the debt that we owe it.

Its strange that its these same financial entities that controlled Brittain back in the day took so much from its citizens through taxes that a group of people broke away and started their own country. That was back in 1776.

Now that same elite group of world bankers is doing the exact same thing again in that new country...the U.S.

What is interesting to note is that those who had a revolution back then revolted against less tyranny than what the current U.S. citizen is putting up with from the current government.

The bigger issue is our trade deficit. Unless the U.S. begins imposing reasonable tariffs on those importing goods to this country economic factors will continue to be chaotic. We have become overly dependent on products made overseas and have devalued the quality of American labor in the process. No amount of "fair taxation" can ever level the "financial playing field".