National Debt
With an $8-billion federal budget surplus, the first surplus in 30 years (April 3), wouldn’t it be refreshing to make a token $1-billion payoff on the national debt? Consider that, at 6%, a $1-billion reduction in debt would yield a $60-million reduction in interest.
I propose that the first billion of every annual surplus should be applied toward the national debt, just so people and especially the Congress don’t forget it is there.
ROBERT PERRIN
Long Beach
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