Responding to your parenthetical, the downside of that approach is that the discussion would not be recorded for posterity!
Regarding the original question, I am curious if this could work for a country whose government spending was small enough, e.g. 2-3% of GDP. Maybe the most obvious issue is that no government would be disciplined enough to keep their spending at that level. But it does seem sort of elegant otherwise.
Responding to your parenthetical, the downside of that approach is that the discussion would not be recorded for posterity!
Regarding the original question, I am curious if this could work for a country whose government spending was small enough, e.g. 2-3% of GDP. Maybe the most obvious issue is that no government would be disciplined enough to keep their spending at that level. But it does seem sort of elegant otherwise.