[Congressional Record Volume 146, Number 53 (Wednesday, May 3, 2000)]
[House]
[Page H2414]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         FISCAL RESPONSIBILITY

  (Mr. GIBBONS asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. GIBBONS. Mr. Speaker, the Treasury Department recently announced 
that due to Congressional fiscal responsibility, it expects to reduce 
the national debt by a record $216 billion this year.
  Furthermore, this means that the national debt will have been reduced 
by $350 billion or 10 percent in just 3 years.
  The 2001 Republican budget continues this fiscal responsible trend.
  Our budget will pay off more than $1 trillion of the public debt over 
the next 5 years without raiding Social Security trust fund or 
bankrupting Medicare.
  The Clinton administration, however, has proposed a budget full of 
new programs and additional bureaucracy, all funded from the projected 
surplus or new tax increases.
  Mr. Speaker, we need to continue to reduce, not increase, wasteful 
spending on efficient government programs and bureaucracy.
  Let us build upon our past successes and pass the budget that our 
children can be proud of and can afford when they grow up.

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