[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. Res. 18 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
S. RES. 18

To express the sense of the Senate regarding reduction of the national 
                                 debt.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 21, 1997

 Mr. Faircloth submitted the following resolution; which was referred 
 jointly pursuant to the order of August 4, 1977, to the Committees on 
  the Budget and Governmental Affairs, with instructions that if one 
Committee reports, the other Committee have thirty days to report or be 
                               discharged

_______________________________________________________________________

                               RESOLUTION


 
To express the sense of the Senate regarding reduction of the national 
                                 debt.

Whereas the United States national debt is approximately $4.9 trillion;
Whereas the Congress has authorized the national debt by law to reach $5.5 
        trillion;
Whereas the 104th Congress and the President have both presented plans to 
        balance the budget by the year 2002, by which time our national debt 
        will be approximately $6.5 trillion; and
Whereas this accumulated debt represents a significant financial burden that 
        will require excessive taxation and lost economic opportunity for future 
        generations of the United States: Now, therefore, be it
    Resolved, That it is the sense of the Senate that any comprehensive 
legislation that balances the budget by a certain date and that is 
agreed to by the Congress and the President shall also contain a 
strategy for reducing the national debt of the United States.
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