SlideShare uma empresa Scribd logo
1 de 14
Restoring America’s Financial Future
The One Cent Solution - Restoring America’s Financial Future U.S. Public Debt to Double Over Next 10 Years Source: Congressional Budget Office
The One Cent Solution - Restoring America’s Financial Future Interest Payments Quadruple by 2020 Source: Congressional Budget Office
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 America’s Financial Future
How Do We SolveThe Debt Problem? ,[object Object]
Raise Marginal Tax Rates?
Value Added Tax?
Congress Cuts Spending?,[object Object]
1. Path to Balanced Budget Assumptions: ,[object Object]
Total government spending reduced 1 percent per year for six years. Everything is on the table.Results: ,[object Object]
Spending reduced $7.5 trillion The One Cent Solution - Restoring America’s Financial Future
The One Cent Solution - Restoring America’s Financial Future The One Cent Solution Path to Balanced Budget
Economists Support the One Cent Solution The 1% Solution - Restoring America’s Financial Future ,[object Object]
Doug Holtz-Eakin, Former CBO Director; Chief Economist to Senator McCain’s presidential campaign hosts American Action Forum; Russell Senate Buildingwith:

Mais conteúdo relacionado

Mais procurados

Csacket research presentation
Csacket research presentationCsacket research presentation
Csacket research presentationcsacket
 
What's Influencing Food Choice in America
What's Influencing Food Choice in AmericaWhat's Influencing Food Choice in America
What's Influencing Food Choice in Americaajarchibald
 
Fault Lines: How Hidden Fractures Still Threaten the World Economy
Fault Lines: How Hidden Fractures Still Threaten the World EconomyFault Lines: How Hidden Fractures Still Threaten the World Economy
Fault Lines: How Hidden Fractures Still Threaten the World EconomyDivek Bhatia
 
Washington, D.C. and Social and Behavioral Science: The Picture for 2016
Washington, D.C. and Social and Behavioral Science: The Picture for 2016 Washington, D.C. and Social and Behavioral Science: The Picture for 2016
Washington, D.C. and Social and Behavioral Science: The Picture for 2016 SAGE Publishing
 
Dhn budget webinar april 2 2012 final
Dhn budget webinar april 2 2012 finalDhn budget webinar april 2 2012 final
Dhn budget webinar april 2 2012 finalIwg Dhn
 
Housing Opportunity in Oregon: A look at needs
Housing Opportunity in Oregon: A look at needsHousing Opportunity in Oregon: A look at needs
Housing Opportunity in Oregon: A look at needsNeighborhoodPartnerships
 
State of Working Minnesota 2016
State of Working Minnesota 2016State of Working Minnesota 2016
State of Working Minnesota 2016Laura Mortenson
 
Pensions EC325
Pensions EC325Pensions EC325
Pensions EC325Haydn Pole
 

Mais procurados (20)

Csacket research presentation
Csacket research presentationCsacket research presentation
Csacket research presentation
 
Senator Harmon Budget Presentation - Short version
Senator Harmon Budget Presentation - Short versionSenator Harmon Budget Presentation - Short version
Senator Harmon Budget Presentation - Short version
 
Happiness Data Playbook For A City
Happiness Data Playbook For A City Happiness Data Playbook For A City
Happiness Data Playbook For A City
 
What's Influencing Food Choice in America
What's Influencing Food Choice in AmericaWhat's Influencing Food Choice in America
What's Influencing Food Choice in America
 
Senator Harmon Budget Presentation
Senator Harmon Budget PresentationSenator Harmon Budget Presentation
Senator Harmon Budget Presentation
 
NewSocialContract_may2012
NewSocialContract_may2012NewSocialContract_may2012
NewSocialContract_may2012
 
Fault Lines: How Hidden Fractures Still Threaten the World Economy
Fault Lines: How Hidden Fractures Still Threaten the World EconomyFault Lines: How Hidden Fractures Still Threaten the World Economy
Fault Lines: How Hidden Fractures Still Threaten the World Economy
 
Washington, D.C. and Social and Behavioral Science: The Picture for 2016
Washington, D.C. and Social and Behavioral Science: The Picture for 2016 Washington, D.C. and Social and Behavioral Science: The Picture for 2016
Washington, D.C. and Social and Behavioral Science: The Picture for 2016
 
Dhn budget webinar april 2 2012 final
Dhn budget webinar april 2 2012 finalDhn budget webinar april 2 2012 final
Dhn budget webinar april 2 2012 final
 
Housing Opportunity in Oregon: A look at needs
Housing Opportunity in Oregon: A look at needsHousing Opportunity in Oregon: A look at needs
Housing Opportunity in Oregon: A look at needs
 
New Federalism
New FederalismNew Federalism
New Federalism
 
Job crisis
Job crisisJob crisis
Job crisis
 
State of Working Minnesota 2016
State of Working Minnesota 2016State of Working Minnesota 2016
State of Working Minnesota 2016
 
Pensions EC325
Pensions EC325Pensions EC325
Pensions EC325
 
International aid
International aidInternational aid
International aid
 
Robert Dujarric:Debating defense?
Robert Dujarric:Debating defense?Robert Dujarric:Debating defense?
Robert Dujarric:Debating defense?
 
Debt final
Debt finalDebt final
Debt final
 
Cooperation Between Nonprofits and Local Governments in the USA
Cooperation Between Nonprofits and Local Governments in the USACooperation Between Nonprofits and Local Governments in the USA
Cooperation Between Nonprofits and Local Governments in the USA
 
AHS - 6 Federalis TANF
AHS - 6 Federalis TANFAHS - 6 Federalis TANF
AHS - 6 Federalis TANF
 
Flagler Budget.Key
Flagler Budget.KeyFlagler Budget.Key
Flagler Budget.Key
 

Semelhante a Restoring America's Financial Future with the One Cent Solution

Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, a...
Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, a...Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, a...
Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, a...The Heritage Foundation
 
BPC FINAL REPORT FOR PRINTER 02 28 11
BPC FINAL REPORT FOR PRINTER 02 28 11BPC FINAL REPORT FOR PRINTER 02 28 11
BPC FINAL REPORT FOR PRINTER 02 28 11Charles Konigsberg
 
Explain the US.Government.docx
Explain the US.Government.docxExplain the US.Government.docx
Explain the US.Government.docxintel-writers.com
 
The President's Plan for Economic Growth and Deficit Reduction
The President's Plan for Economic Growth and Deficit ReductionThe President's Plan for Economic Growth and Deficit Reduction
The President's Plan for Economic Growth and Deficit ReductionObama White House
 
Alliance August 2010 Forum.ppt
Alliance August 2010 Forum.pptAlliance August 2010 Forum.ppt
Alliance August 2010 Forum.pptmikehuggins
 
Healthcare-NOW! Newsletter - March 2013
Healthcare-NOW! Newsletter - March 2013Healthcare-NOW! Newsletter - March 2013
Healthcare-NOW! Newsletter - March 2013Healthcare-Now
 
BUS626 Week 3 - Discussion Forum 2ResponsesGuided Response .docx
BUS626 Week 3 - Discussion Forum 2ResponsesGuided Response .docxBUS626 Week 3 - Discussion Forum 2ResponsesGuided Response .docx
BUS626 Week 3 - Discussion Forum 2ResponsesGuided Response .docxfelicidaddinwoodie
 
1. The need for managers in the many new businesses of the late 18.docx
1. The need for managers in the many new businesses of the late 18.docx1. The need for managers in the many new businesses of the late 18.docx
1. The need for managers in the many new businesses of the late 18.docxjackiewalcutt
 
Rich States, Poor States 2015 Edition
Rich States, Poor States 2015 EditionRich States, Poor States 2015 Edition
Rich States, Poor States 2015 EditionALEC
 
Building Savings One Bond at a Time
Building Savings One Bond at a TimeBuilding Savings One Bond at a Time
Building Savings One Bond at a TimeBonds Make It Easy
 

Semelhante a Restoring America's Financial Future with the One Cent Solution (20)

Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, a...
Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, a...Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, a...
Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, a...
 
Committee for a Responsible Federal Budget 2015 Annual Report
Committee for a Responsible Federal Budget 2015 Annual ReportCommittee for a Responsible Federal Budget 2015 Annual Report
Committee for a Responsible Federal Budget 2015 Annual Report
 
Fiscal Summit Press Release
Fiscal Summit Press ReleaseFiscal Summit Press Release
Fiscal Summit Press Release
 
Springboard guided tour (v2)
Springboard guided tour (v2)Springboard guided tour (v2)
Springboard guided tour (v2)
 
Springboard Guided Tour, v2
Springboard Guided Tour, v2Springboard Guided Tour, v2
Springboard Guided Tour, v2
 
Closing remarks by David Walker
Closing remarks by David WalkerClosing remarks by David Walker
Closing remarks by David Walker
 
Rising Debt: Sinking our Future?
Rising Debt: Sinking our Future?Rising Debt: Sinking our Future?
Rising Debt: Sinking our Future?
 
AOF webinar 08.24.11
AOF webinar 08.24.11AOF webinar 08.24.11
AOF webinar 08.24.11
 
BPC FINAL REPORT FOR PRINTER 02 28 11
BPC FINAL REPORT FOR PRINTER 02 28 11BPC FINAL REPORT FOR PRINTER 02 28 11
BPC FINAL REPORT FOR PRINTER 02 28 11
 
Explain the US.Government.docx
Explain the US.Government.docxExplain the US.Government.docx
Explain the US.Government.docx
 
The President's Plan for Economic Growth and Deficit Reduction
The President's Plan for Economic Growth and Deficit ReductionThe President's Plan for Economic Growth and Deficit Reduction
The President's Plan for Economic Growth and Deficit Reduction
 
Alliance August 2010 Forum.ppt
Alliance August 2010 Forum.pptAlliance August 2010 Forum.ppt
Alliance August 2010 Forum.ppt
 
Fiscal Summit: Summary and Key Findings
Fiscal Summit: Summary and Key FindingsFiscal Summit: Summary and Key Findings
Fiscal Summit: Summary and Key Findings
 
Healthcare-NOW! Newsletter - March 2013
Healthcare-NOW! Newsletter - March 2013Healthcare-NOW! Newsletter - March 2013
Healthcare-NOW! Newsletter - March 2013
 
BUS626 Week 3 - Discussion Forum 2ResponsesGuided Response .docx
BUS626 Week 3 - Discussion Forum 2ResponsesGuided Response .docxBUS626 Week 3 - Discussion Forum 2ResponsesGuided Response .docx
BUS626 Week 3 - Discussion Forum 2ResponsesGuided Response .docx
 
Eco Obama
Eco ObamaEco Obama
Eco Obama
 
1. The need for managers in the many new businesses of the late 18.docx
1. The need for managers in the many new businesses of the late 18.docx1. The need for managers in the many new businesses of the late 18.docx
1. The need for managers in the many new businesses of the late 18.docx
 
WGU VPT2 Task 2
WGU VPT2 Task 2WGU VPT2 Task 2
WGU VPT2 Task 2
 
Rich States, Poor States 2015 Edition
Rich States, Poor States 2015 EditionRich States, Poor States 2015 Edition
Rich States, Poor States 2015 Edition
 
Building Savings One Bond at a Time
Building Savings One Bond at a TimeBuilding Savings One Bond at a Time
Building Savings One Bond at a Time
 

Último

11042024_First India Newspaper Jaipur.pdf
11042024_First India Newspaper Jaipur.pdf11042024_First India Newspaper Jaipur.pdf
11042024_First India Newspaper Jaipur.pdfFIRST INDIA
 
13042024_First India Newspaper Jaipur.pdf
13042024_First India Newspaper Jaipur.pdf13042024_First India Newspaper Jaipur.pdf
13042024_First India Newspaper Jaipur.pdfFIRST INDIA
 
Power in International Relations (Pol 5)
Power in International Relations (Pol 5)Power in International Relations (Pol 5)
Power in International Relations (Pol 5)ssuser583c35
 
Emerging issues in migration policies.ppt
Emerging issues in migration policies.pptEmerging issues in migration policies.ppt
Emerging issues in migration policies.pptNandinituteja1
 
15042024_First India Newspaper Jaipur.pdf
15042024_First India Newspaper Jaipur.pdf15042024_First India Newspaper Jaipur.pdf
15042024_First India Newspaper Jaipur.pdfFIRST INDIA
 
12042024_First India Newspaper Jaipur.pdf
12042024_First India Newspaper Jaipur.pdf12042024_First India Newspaper Jaipur.pdf
12042024_First India Newspaper Jaipur.pdfFIRST INDIA
 
lok sabha Elections in india- 2024 .pptx
lok sabha Elections in india- 2024 .pptxlok sabha Elections in india- 2024 .pptx
lok sabha Elections in india- 2024 .pptxdigiyvbmrkt
 
16042024_First India Newspaper Jaipur.pdf
16042024_First India Newspaper Jaipur.pdf16042024_First India Newspaper Jaipur.pdf
16042024_First India Newspaper Jaipur.pdfFIRST INDIA
 
Mitochondrial Fusion Vital for Adult Brain Function and Disease Understanding...
Mitochondrial Fusion Vital for Adult Brain Function and Disease Understanding...Mitochondrial Fusion Vital for Adult Brain Function and Disease Understanding...
Mitochondrial Fusion Vital for Adult Brain Function and Disease Understanding...The Lifesciences Magazine
 
Political-Ideologies-and-The-Movements.pptx
Political-Ideologies-and-The-Movements.pptxPolitical-Ideologies-and-The-Movements.pptx
Political-Ideologies-and-The-Movements.pptxSasikiranMarri
 
Geostrategic significance of South Asian countries.ppt
Geostrategic significance of South Asian countries.pptGeostrategic significance of South Asian countries.ppt
Geostrategic significance of South Asian countries.pptUsmanKaran
 

Último (12)

11042024_First India Newspaper Jaipur.pdf
11042024_First India Newspaper Jaipur.pdf11042024_First India Newspaper Jaipur.pdf
11042024_First India Newspaper Jaipur.pdf
 
World Economic Forum : The Global Risks Report 2024
World Economic Forum : The Global Risks Report 2024World Economic Forum : The Global Risks Report 2024
World Economic Forum : The Global Risks Report 2024
 
13042024_First India Newspaper Jaipur.pdf
13042024_First India Newspaper Jaipur.pdf13042024_First India Newspaper Jaipur.pdf
13042024_First India Newspaper Jaipur.pdf
 
Power in International Relations (Pol 5)
Power in International Relations (Pol 5)Power in International Relations (Pol 5)
Power in International Relations (Pol 5)
 
Emerging issues in migration policies.ppt
Emerging issues in migration policies.pptEmerging issues in migration policies.ppt
Emerging issues in migration policies.ppt
 
15042024_First India Newspaper Jaipur.pdf
15042024_First India Newspaper Jaipur.pdf15042024_First India Newspaper Jaipur.pdf
15042024_First India Newspaper Jaipur.pdf
 
12042024_First India Newspaper Jaipur.pdf
12042024_First India Newspaper Jaipur.pdf12042024_First India Newspaper Jaipur.pdf
12042024_First India Newspaper Jaipur.pdf
 
lok sabha Elections in india- 2024 .pptx
lok sabha Elections in india- 2024 .pptxlok sabha Elections in india- 2024 .pptx
lok sabha Elections in india- 2024 .pptx
 
16042024_First India Newspaper Jaipur.pdf
16042024_First India Newspaper Jaipur.pdf16042024_First India Newspaper Jaipur.pdf
16042024_First India Newspaper Jaipur.pdf
 
Mitochondrial Fusion Vital for Adult Brain Function and Disease Understanding...
Mitochondrial Fusion Vital for Adult Brain Function and Disease Understanding...Mitochondrial Fusion Vital for Adult Brain Function and Disease Understanding...
Mitochondrial Fusion Vital for Adult Brain Function and Disease Understanding...
 
Political-Ideologies-and-The-Movements.pptx
Political-Ideologies-and-The-Movements.pptxPolitical-Ideologies-and-The-Movements.pptx
Political-Ideologies-and-The-Movements.pptx
 
Geostrategic significance of South Asian countries.ppt
Geostrategic significance of South Asian countries.pptGeostrategic significance of South Asian countries.ppt
Geostrategic significance of South Asian countries.ppt
 

Restoring America's Financial Future with the One Cent Solution

  • 2. The One Cent Solution - Restoring America’s Financial Future U.S. Public Debt to Double Over Next 10 Years Source: Congressional Budget Office
  • 3. The One Cent Solution - Restoring America’s 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 America’s Financial Future
  • 5.
  • 8.
  • 9.
  • 10.
  • 11. Spending reduced $7.5 trillion The One Cent Solution - Restoring America’s Financial Future
  • 12. The One Cent Solution - Restoring America’s Financial Future The One Cent Solution Path to Balanced Budget
  • 13.
  • 14. Doug Holtz-Eakin, Former CBO Director; Chief Economist to Senator McCain’s presidential campaign hosts American Action Forum; Russell Senate Buildingwith:
  • 16. Robert Packwood, Former U.S. Senator
  • 18. Stephen Bell, Bipartisan Policy Center
  • 19. Bruce Cook, One Cent Solution
  • 20. 74 Economists Endorse OCS: Duke University, U of California Irvine, Texas A&M, Wake Forest University, U. of Michigan, JP Morgan Chase, Fordham University, Broward Collage, Cal Poly University, University of Akron, University of Maryland, Washington State University, East Carolina UniversityBen Wilterdink Center for Fiscal Accountability March 7, 2011 This week, the American Action Forum held an interesting panel discussion…A great standout in the presentations was that of Bruce Cook, founder of One Cent Solution…
  • 21.
  • 22. “One Percent Spending Reduction Act of 2011”:
  • 23. Congress imposes strict spending caps to ensure spending is reduced 1% per year for six years.
  • 24. Congress reforms spending programs to bring spending under the caps
  • 25. If Congress fails to act the “across the board” cuts occur to bring spending in line.
  • 26. Spending is capped at 18% GDP after 2019.Legislation The One Cent Solution - Restoring America’s Financial Future
  • 27. How Plans Compare The 1% Solution - Restoring America’s Financial Future
  • 28.
  • 30. AdvertisingThe One Cent Solution - Restoring America’s Financial Future
  • 31. Community Captain Campaign Goal: 100 Community Captains per city who sign up 50 petition signers=5,000 per city The 1% Solution - Restoring America’s Financial Future
  • 32. The One Cent Solution - Restoring America’s Financial Future Our Challenge and Opportunity “We should avoid ungenerously throwing upon posterity the burden we ourselves ought to bear.” - George Washington “We must not let our rulers load us with perpetual debt.” -Thomas Jefferson “I am only one, but I am one. I cannot do everything, but I can do something. And I will not let what I cannot do interfere with what I can do.” -Edward Everett Hale Become part of the solution—Sign the petition. Become a Community Captain. Visit: www.onecentsolution.org