Then $45 billion. Yes. So when we get down here to the year 2006, we would be making a $90 billion payment for the debt payment. But $15 billion of that comes out of the spending for that year as new revenues come in. So we are establishing a program.
Wayne Allard: “Then $45 billion. Yes. So when we get down here to the year 2006, we would be making a $90 billion payment for the debt…”
Editor's note · Context
Discussing future debt payments and revenue projections.
Share
More from Wayne Allard
I personally thank the Senator from Florida for a fine statement. I listened very carefully to what he had to say on FISA, and then his message of hope to the Iraqi people. I have had an opportunity to serve with the Senator from Florida…
last year we were obligated to accept the assurances from the majority that under this new regime, pay-go would be respected, spending would be curbed, the entitlement crisis would be addressed, and the debt would be attacked. Undoubtedly…
we think there is a reason for that, and we wouldn't recommend it to our consumers.
If this bill is not passed, the Bureau of Land Management's Record of Decision, issued in February of this year, will stand.