On the recordApril 5, 2000
My response is, we have 4-percent growth in outlays projected into the schedule that we have laid out. In reality, there are no program cuts. We make provisions for 4-percent increases. There is just a plan. It is similar to an amortization schedule for your home. If the family runs into problems, they can redo that plan to pay down the debt. But the key is that we have a plan to pay down the debt. We have allowed 4-percent growth in spending in that plan. I think that is reasonable.
Said by
Wayne Allard
Source
govinfo.gov