In response to the news about the anticipated $1BN tax windfall from the Iscar Metalworking Co. 80% interest sale to Buffett deal, today’s Yediot Aharonot publicized an article listing 12 ideas what to do with the $1BN.
ALL THOSE IDEAS are about spending the money in one year.
Where are the suggestions to use the money to reduce taxes and/or the national debt in various combinations?
Personally I favor the idea of using all of this windfall money to pay off government debts. This way we’ll benefit from it also in future years, by having to reserve smaller part of the yearly budget to debt payoffs (interest and capital).