Mark Neumann: “I rise today with good news for this country. CBO put out new numbers yesterday, and it is more likely than ever that…”

“I rise today with good news for this country. CBO put out new numbers yesterday, and it is more likely than ever that next year, 4 years ahead of schedule, for the first time since 1969 we will have a balanced budget. For first time since 1969, it is going to force Washington to deal with something they haven't dealt with in 30 years, and that is a surplus. For first time since 1969, next year we start looking at a budget surplus. We need to remember, however, that even after we reach a balanced budget, we still have a $5.4 trillion debt. In order to address this issue, we have introduced the National Debt Repayment Act. It would require that one-third of the surplus be used to reduce taxes further, and two-thirds go to pay down the Federal debt; and in paying down the Federal debt, we also put the money back into the Social Security trust fund that it has been taken from. The National Debt Repayment Act would repay the entire Federal debt by the year 2026, would restore the Social Security trust fund, and guarantee additional tax cuts each year as far as the eye can see. Good news for America.”