A novel way to attack a budget deficit.

[dude1394]

How interesting...If it works we might finally find a way to reign in politicians. If they added some sort of scale that would kick them out if so many years of budget deficits occurred you would really have something. Incentives do work.

They would have to add perks into that as well for some of the barons and baronesses.

http://www.cato-at-liberty.org/a-nov...under-control/
A Novel Way of Keeping Fiscal Deficits Under Control? Posted by Marian L. Tupy
Having inherited an 8 percent budget deficit from the previous socialist government, the new conservative-liberal government of Slovakia has come up with a novel way of keeping budget deficits under control in the future. Starting in 2011, salaries of government ministers will rise and fall depending on the evolution of the fiscus. Thus, a budget deficit of 5 percent will translate to a 10 percent decrease in salaries, while an (unlikely) budget surplus of 5 percent will translate into a 10 percent rise in salaries, etc. It will be interesting to see if this new measure will truly result in a more responsible fiscal policy in the years to come.
Incidentally, had the United States adopted a similar measure, President Obama’s reported salary of $400,000 in 2009 would have fallen to $320,000 in 2010.