Campbell
Banned
- Joined
- Jan 8, 2013
- Messages
- 2,138
- Reaction score
- 473
- Location
- East Tennessee
- Gender
- Male
- Political Leaning
- Liberal
Not that any Republican would ever have such a need:
https://bulk.resource.org/gpo.gov/hearings/106h/66896.txt
FROM:
U.S. DEPARTMENT OF THE TREASURY'S DEBT BUYBACK PROPOSAL
=======================================================================
HEARING
before the
COMMITTEE ON WAYS AND MEANS
HOUSE OF REPRESENTATIVES
ONE HUNDRED SIXTH CONGRESS
FIRST SESSION
__________
SEPTEMBER 29, 1999
__________
Serial 106-74
Statement of Hon. Jim Ramstad, a Representative in Congress from the
State of Minnesota
Mr. Chairman, thank you for convening this important
hearing to examine the Department of the Treasury's proposal to
redeem outstanding, unmatured Treasury securities.
Let me begin by noting what a pleasure it is to be
discussing this issue. It wasn't that long ago when growing
deficits and exploding debt were the norm. Due to a concerted
effort at fiscal responsibility, we are moving in a new
direction in which growing surpluses are now expected.
Just last year the budget surplus was $69 billion. This
week, the President estimated the surplus will be $115 billion
in fiscal year 1999. Over the next 10 years, the news gets even
better. In fact, the Congressional Budget Office projects that
over the next decade, there will be a decline in publicly-held
debt to $865 billion
https://bulk.resource.org/gpo.gov/hearings/106h/66896.txt
FROM:
U.S. DEPARTMENT OF THE TREASURY'S DEBT BUYBACK PROPOSAL
=======================================================================
HEARING
before the
COMMITTEE ON WAYS AND MEANS
HOUSE OF REPRESENTATIVES
ONE HUNDRED SIXTH CONGRESS
FIRST SESSION
__________
SEPTEMBER 29, 1999
__________
Serial 106-74
Statement of Hon. Jim Ramstad, a Representative in Congress from the
State of Minnesota
Mr. Chairman, thank you for convening this important
hearing to examine the Department of the Treasury's proposal to
redeem outstanding, unmatured Treasury securities.
Let me begin by noting what a pleasure it is to be
discussing this issue. It wasn't that long ago when growing
deficits and exploding debt were the norm. Due to a concerted
effort at fiscal responsibility, we are moving in a new
direction in which growing surpluses are now expected.
Just last year the budget surplus was $69 billion. This
week, the President estimated the surplus will be $115 billion
in fiscal year 1999. Over the next 10 years, the news gets even
better. In fact, the Congressional Budget Office projects that
over the next decade, there will be a decline in publicly-held
debt to $865 billion