Mark Neumann: “In wrapping up this evening, I would just like to very briefly focus on the future, because we talked about the past and…”

“In wrapping up this evening, I would just like to very briefly focus on the future, because we talked about the past and the failed promises and higher taxes and we talk about the present and how the new group that is here since 1995 is on track and ahead of schedule and taxes coming down. The future includes us also dealing with the debt that has been run up over the last 15 areas. And later this week, we will be introducing a bill called the National Debt Repayment Act. The National Debt Repayment Act would literally pay off the entire Federal debt by the year 2026. It simply says that after the budget is balanced, we cap the growth of Government spending at a rate 1 percent lower than the rate of revenue growth and that will create a surplus. Of this surplus, one-third gets used for additional tax cuts, two-thirds goes to repay the Federal debt. What a nice thought it would be to pass this Nation on to our children debt free by the year 2026. Of course, as we repay the Federal debt, we are also putting the money back into the Social Security trust fund.”