[Congressional Record Volume 142, Number 10 (Thursday, January 25, 1996)]
[House]
[Page H854]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     REVIEW OF PAST DEBT EXTENSIONS

  (Mr. CHRYSLER asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. CHRYSLER. Mr. Speaker, I yield to the gentleman from Michigan 
[Mr. Smith], my neighbor and good friend.
  Mr. SMITH of Michigan. Mr. Speaker, I think it would be good for all 
of us to review exactly where we have been in debt extensions: Since 
1980, H.R. 7428, a debt extension with increases in the import fee. In 
1985, H.R. 3721, a debt ceiling increase with an increase in the 
cigarette tax and expanded benefits for unemployed.
  In House Resolution 372, debt extension with a Gramm-Rudman attached. 
In 1986, debt extension with budget reconciliation, with a large 
increase in social spending.
  In 1987, a long-term debt limit extension with liberal modifications 
to Gramm-Rudman. It goes on and on. We have tied everything in the past 
to debt ceilings that we wanted to get a President that did not pay 
attention. This is going to continue.

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