The One Percent Solution: How to Start Reducing the National Debt0

• FISCAL, Issue Papers
• January 6, 1995

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.