Price-Indexed Bonds: Trimming $12 Billion from the Deficit
(Archived document, may contain errors) 433 May 14, 1985 I PRICED INDEXED BONDS TRIMMING $12 BILLION FROM THE DEFICIT I NTRODUCT I ON The deficit problem has legislators scrambling for ways to save money in the federal budget. In this quest, it is almost universally assumed that interest on the 1.6 trillion national debt is an item that cannot be cut. This consensus is wrong. Interest outlays in fact can be trimmed through price-indexed bonds, a device that Congress should consider.
Source: heritage.org