Jon Fox said "I have to agree with the gentleman from Tennessee when it comes to saluting the leadership of the gentleman from Wisconsin, really being a trailblazer when it comes to the deficit question, and also his work on the budget committee. Particularly, when we look to the balanced budget, I know from Alan Greenspan and people like the gentleman from Wisconsin and the gentleman from Ohio, chairman of the committee, by having a balanced budget finally by the year 2002, we are in fact going to reduce interest costs for cars, interest costs for college, and interest costs for home mortgage. But would my colleague explain to me, under his Debt Repayment Act, what is the effect going to be for the homeowner, for the family, and how long will it take us to succeed, over how many years will it take for the Debt Repayment Act to take full effect?" @ PoliticalQuotes.com

On the recordSeptember 29, 1997

I have to agree with the gentleman from Tennessee when it comes to saluting the leadership of the gentleman from Wisconsin, really being a trailblazer when it comes to the deficit question, and also his work on the budget committee. Particularly, when we look to the balanced budget, I know from Alan Greenspan and people like the gentleman from Wisconsin and the gentleman from Ohio, chairman of the committee, by having a balanced budget finally by the year 2002, we are in fact going to reduce interest costs for cars, interest costs for college, and interest costs for home mortgage. But would my colleague explain to me, under his Debt Repayment Act, what is the effect going to be for the homeowner, for the family, and how long will it take us to succeed, over how many years will it take for the Debt Repayment Act to take full effect?

Said by

Jon Fox

Republican · Pennsylvania

Source

govinfo.gov

Editor's note · Context

Discussing the impact of the Debt Repayment Act and balanced budget on homeowners and families.

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