On the recordMay 16, 2000
this is a very, very straightforward amendment. All this amendment does is it simply says that if you are a Member of Congress and you want to reduce spending, you want to go after a wasteful program, that means you can then use that money to pay off national debt. We have some weird laws in this body. I am a new Member of Congress and I am becoming acquainted with these. But one of the weirdest laws that we have here in this body is that if you eliminate or reduce spending in the appropriations process, that money is spent somewhere else in the Federal Government. It cannot go toward paying down our National debt. All this amendment does, an amendment supported by the National Taxpayers Union, an amendment supported by the Citizens Against Government Waste, all this amendment says is that if you successfully pass an amendment to save money, that that money will go toward paying down the National debt, unless you designate it to go to another account or another spending program within the Federal Government. It is good fiscal discipline, it is bipartisan.
Source
govinfo.gov




