We propose the following specific policy regarding the debt and deficit:
FIRST that no tax shall be raised until
1. One year after the agreed amount of spending cuts have actually taken place
2. All public figures who have endorsed such increases during the past 18 months demonstrate their support by contributing 30% of their current holdings to reduce public debt.
3. The congress passes and the president signs legislation withholding the pay of congresspersons, their staffs, the president and his cabinet officers in any year in which there is a budget deficit EXCEPT in cases of declared war.
SECOND that NO EXPENDITURE may be made causing a deficit that does not directly affect the national defense, ability to respond to national emergency and current entitlement levels.