Will the $ collected be spent for the security (intended purpose) or IOU's issued to offset government deficit? The 7.5% tax (formerly higher %) just have IOU's issued against trust fund.

Monies need to be spent for intended purpose! PFC's may not be needed if the excise tax (7.5%) was spent on airports, etc. I may be for a security surcharge if all the other taxes were spent for the designated purpose.