On the recordMarch 23, 2000
truly a budget debate is strictly over priorities, priorities on what one does with one's money. The indisputable champion of debt reduction is the Blue Dog budget, $5.7 trillion, $21,000 for every man, woman, and child to pay off our national debt, $354 billion in interest. Let me give my colleagues an idea of what that means. That is 100 times more than we spend on cancer research. It is six times more than we pay for salaries for the military, 15 times the size of the veterans' budget. The debt simply should be the priority. The Republicans say that they pay off the debt by 2013. But their plan allots $50 billion over 5 years towards debt reduction, but it provides a loophole that says that they can use it for tax cuts. I do not understand that. Let us give a true tax cut. Pay down the debt, keep interest rates low. The Blue Dog plan is the champion.
Source
govinfo.gov
