On the recordMay 3, 2000
the Treasury Department recently announced that due to Congressional fiscal responsibility, it expects to reduce the national debt by a record $216 billion this year. Furthermore, this means that the national debt will have been reduced by $350 billion or 10 percent in just 3 years. The 2001 Republican budget continues this fiscal responsible trend. Our budget will pay off more than $1 trillion of the public debt over the next 5 years without raiding Social Security trust fund or bankrupting Medicare. The Clinton administration, however, has proposed a budget full of new programs and additional bureaucracy, all funded from the projected surplus or new tax increases. Mr. Speaker, we need to continue to reduce, not increase, wasteful spending on efficient government programs and bureaucracy. Let us build upon our past successes and pass the budget that our children can be proud of and can afford when they grow up.
Source
govinfo.gov
