Eisenhower apparently once said that he believed that there could be no surplus as long as our Nation was in debt. I come from that school of thought, and yet that is not exactly where we are right now in Washington. Where we are right now is debating whether or not 90 percent or 50 percent, or some number in between, of these projected future surpluses should be allocated to the debt. What struck our office is the fact that really more than just the Congress should be involved in that debate. It is for that reason that I introduce today the Taxpayers' Choice Debt Reduction Act. Madam Speaker, what it would do would be to simply take the 1040, the tax return as we now know it. And right now, we can send $3 to the presidential campaign. This would create another box wherein we could send 3 bucks to debt reduction. That is not enough money to change our national debt, but it is enough money to make a small step in an important debate that we all ought to be a part of.
Marshall Sanford: “Eisenhower apparently once said that he believed that there could be no surplus as long as our Nation was in debt. I…”
Editor's note · Context
Introducing the Taxpayers' Choice Debt Reduction Act and discussing national debt and surplus allocation.
Share
More from Marshall Sanford
I thank the chairman and ranking member for taking our amendment and including it in the en bloc amendment. It is a GAO study of revenue diversion by airports. I think it is important for three different reasons: One, it ties to the very…
Is it optimistic? Are we lulling ourselves to sleep based on forecasts that are relatively benign in what may prove not to be the case?
Wouldn't it make sense to again enact that repeal for a longer time period so that more aid at a lower cost could go into Puerto Rico?
It's incredibly disturbing, because leaving the legal issues and the federal election issues and all the other issues that people have been talking about, I think in the last segment you pegged it, which is fundamentally what we have going…





