One Cent Solution Presentation

One Cent Solution
One Cent SolutionOne Cent Solution
Restoring America’s Financial Future,[object Object]
The One Cent Solution - Restoring America’s Financial Future,[object Object],U.S. Public Debt to Double Over Next 10 Years,[object Object],Source: Congressional Budget Office,[object Object]
The One Cent Solution - Restoring America’s Financial Future,[object Object],Interest Payments Quadruple by 2020,[object Object],Source: Congressional Budget Office,[object Object]
Compare to Typical American Family,[object Object],If a typical family acted,[object Object],like the federal government, ,[object Object],what did 2010 look like?,[object Object],We earned about $50,000,[object Object],We spent more than $80,000!,[object Object],We added $30,000 to our credit card debt,[object Object],Total credit card debt: Over $200,000!,[object Object],The One Cent Solution - Restoring America’s Financial Future,[object Object]
How Do We SolveThe Debt Problem?,[object Object],[object Object]
Raise Marginal Tax Rates?
Value Added Tax?
Congress Cuts Spending?,[object Object]
1. Path to Balanced Budget,[object Object],Assumptions:,[object Object],[object Object]
Total government spending reduced 1 percent per year for six years. Everything is on the table.Results:,[object Object],[object Object]
Spending reduced $7.5 trillion The One Cent Solution - Restoring America’s Financial Future,[object Object]
The One Cent Solution - Restoring America’s Financial Future,[object Object],The One Cent Solution Path to Balanced Budget,[object Object]
Economists Support the One Cent Solution,[object Object],The 1% Solution - Restoring America’s Financial Future,[object Object],[object Object]
Doug Holtz-Eakin, Former CBO Director; Chief Economist to Senator McCain’s presidential campaign hosts American Action Forum; Russell Senate Buildingwith:
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One Cent Solution Presentation