On the recordJune 20, 1997
About 17 percent of the Federal budget. Well, as that becomes less and less, it will make more money available to pay off more of the Federal debt. So it kind of gains momentum as we go on. As we pay off a portion of the debt, we pay less in interest payments. That makes more money available to pay off other parts of the debt and releases some of the burden that is on our children and on ourselves who are paying those additional taxes. So it is a pretty good plan. We are going to limit the growth of Government and allow extra revenue, surplus revenue that will be used to pay off the mortgage that this company has already taken.
Source
govinfo.gov
