On the recordFebruary 9, 2000
It has been calculated that if we can reduce the publicly held debt from $3.7 trillion down to $1.3 trillion, which is possible if we show the type of discipline we have been talking about, that interest rates on homes are projected to climb by 2 percent and that this would reduce the monthly payment that America's families have on an average home of $115,000 a mortgage of that size by approximately $150 a month. So there is a dividend right away to America's families. It is building on what my colleague talked about. Secondly, we can look at students. And if we are looking at students, they would receive a dividend that is estimated to be $35 a month on their student loans if we would reduce the national debt in that fashion.
Source
govinfo.gov
