One Cent Solution Presentation

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Transcript of One Cent Solution Presentation

  • 1. Restoring Americas Financial Future
  • 2. The One Cent Solution - Restoring Americas Financial Future
    U.S. Public Debt to Double Over Next 10 Years
    Source: Congressional Budget Office
  • 3. The One Cent Solution - Restoring Americas Financial Future
    Interest Payments Quadruple by 2020
    Source: Congressional Budget Office
  • 4. Compare to Typical American Family
    If a typical family acted
    like the federal government,
    what did 2010 look like?
    We earned about $50,000
    We spent more than $80,000!
    We added $30,000 to our credit card debt
    Total credit card debt: Over $200,000!
    The One Cent Solution - Restoring Americas Financial Future
  • 5. How Do We SolveThe Debt Problem?
    • Economic Growth?
    • 6. Raise Marginal Tax Rates?
    • 7. Value Added Tax?
    • 8. Congress Cuts Spending?