Wednesday, August 4, 2010

Video: Marco Rubio's Innovative Idea to Decrease the Debt

From Marco Rubio Campaign

RUBIO: “The second idea that we had is allowing and empowering individual every day Americans and businesses to specifically go after the debt themselves through their own tax returns.

“What does that mean? It’s pretty simple. You put a check-off box at the top of everyone’s tax returns. If you check that box off, you can designate that up to 10 percent of your tax dollars – the money you’re paying that year in taxes – go directly to debt retirement.

“Two things would happen. Number one: that money you’re designating is now protected from spending. In essence, politicians in Washington are not going to be able to get a hold of that money and use it to grow government. It must be used to pay down debt.

“But the second thing it will do is send a very powerful and clear signal. Imagine what would happen if millions and millions of Americans checked that box off. I can guarantee you that congressmen and senators are going to check out how many people from their state checked that box.