[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 40 Introduced in House (IH)]







106th CONGRESS
  1st Session
H. RES. 40

    Expressing the sense of the House of Representatives regarding 
                     reduction of the public debt.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 4, 1999

 Mr. LaHood submitted the following resolution; which was referred to 
                      the Committee on the Budget

_______________________________________________________________________

                               RESOLUTION


 
    Expressing the sense of the House of Representatives regarding 
                     reduction of the public debt.

Whereas the current public debt of the United States is approximately $5.5 
        trillion;
Whereas the Congress has set a public debt limit of $5.95 trillion; and
Whereas this debt represents a significant financial burden that will require 
        excessive taxation and lost economic opportunity for future generations 
        of Americans: Now, therefore, be it
    Resolved, That it is the sense of the House of Representatives that 
any comprehensive legislation that balances the budget by a date 
certain and that is agreed to by the Congress and the President should 
contain a strategy for reducing the public debt of the United States.
                                 <all>