Create a low interest national credit card, the interest from payments goes to paying down the deficit.

Create a low interest (5%) national deficit reduction credit card, interest earned from payments shall be applied directly to deficit reduction. In addition to helping pay down the national debt, the lower interest payments will help American families eliminate their own debt more quickly. The National Deficit Reduction Card (NDRC) can also benefit small businesses by eliminating credit card processing fees for most transactions, thus allowing businesses to keep more of their profits. Processing fees for small businesses shall range from $0 to as little as $1 per transaction. The interest rate for consumers paying on time shall remain low and only increase if payments are made late or underpayments are made.