Sensibly Reduce the Debt: Long-term partial set-aside of revenue increases.

The problem: a high and growing national debt in a time of slow, fragile recovery from recession, and partisan political gridlock on what to do about this situation.
The dilemma: immediate austerity policies to address the debt will cause widespread suffering, bring back the recession, & reduce government revenues, preventing major deficit reduction.
The solution: a binding long-term law specifying a fractional automatic set-aside (sequestration) of each annual increase in revenue for debt and deficit reduction. Let’s say that a fraction of 50% is agreed upon. Then, as each year’s revenue increases in good times, Congress may increse spending by only half that increase. If revenue increases by $800 billion, congress would only have an additional $400 billion for budget increases.