Can the President Raise the Debt Limit Unilaterally? Hell no!
- CONSTITUTION, Uncategorized
- July 27, 2011
This Independence Institute Paper describes how the Republicans’ proposed 3% Solution and the Issue Paper’s proposed Citizen 1% Solution would provide an annual budget surplus to be used for reducing the public debt. The latter will balance the budget in 1998 and reduce today’s $4.7 trillion public debt back to 1981’s $1 trillion level by 2007.
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