WALLY HERGER: “if one were to believe the White House and all they are saying regarding the debt of our Nation, one would be convinced…”

“if one were to believe the White House and all they are saying regarding the debt of our Nation, one would be convinced that the President's recently released FY 2000 budget is good fiscal policy for future generations. Unfortunately, the exact opposite is true. The White House would like the American people and this Congress to believe that the national debt is going down under their budget, but page 389 of the President's own budget from his Office of Management and Budget shows a very different picture. Looking at the chart, we see that the total national debt goes up from $5.394 trillion in 1998 to $5.576 trillion in 1999, and to almost $5.8 trillion in the Year 2000, and the red ink continues to rise every year under Clinton's budget. The truth is, the total Federal debt under the Clinton plan does not go down, as the President would like the American people to believe. In fact, the total Federal debt goes up to the tune of over $1.3 trillion over the next five years.”