On the recordAugust 2, 1999
My first preference is to pay down debt. Now, maybe the majority knows something Alan Greenspan does not, but I do not think so. We have a $5.6 trillion debt in this country. We have an opportunity for the first time in a generation to do the right thing and put our financial house in order. The question is whether we will step up to the plate and do that or we will take the money and run and hand the debt to our children and grandchildren. It is simply not right. It is unconscionable and we should not do it. The fiscally prudent and the financially sound thing to do is to use 50 percent to pay down the debt, 25 percent for tax relief, and 25 percent for Social Security and Medicare.
Source
govinfo.gov
