“And what stops Congress from spending more that what comes into the treasury. Please somebody tell us all.”
The Fair Tax is a revenue collection reform plan, not a spending reform plan.
And, therein lies the real crux of this issue, the meat of the problem...Tax reform without Spending reform is a ridiculous ‘fix’. At the same time we force the funding solution to a consumption basis, we need to force the government to return to consitutionally mandated limitations that will serve to cut hundreds of billions of dollars out of the Federal budget...
For example, there is no constitutional authority for the Department of Education, Federal Healthcare services, etc. And, the Fair Tax eliminates the IRS (more billions saved).