I think it is a great idea. I am surprised that some conservatives on the board have not said the same. I am not surprised that some Obama haters are negative, same old, same old.
The Commonwealth of Virginia had a pay as you go policy the entire time I was growing up there. No debt, just pay as you go .... good for the family budget, good for a state, good for a nation. While many on the board believe I am a liberal in all areas it is not true. I am a fiscal conservative, but liberal when it comes to caring for people. I follow a pay as I go philosophy in my personal life and believe that is the philosophy all people should follow ... and all governments, except in extraordinary circumstances, measures of last resort.
Remember: Proverbs 22:7
The rich rule over the poor, and the borrower is servant to the lender.