Here's something of interest! Note the Date: September 12, 2000 from Dick Armey remarks regarding the budget....wonder if Mr. Clinton read this and used these numbers....."committing 90% of the 2001 budget surplus to debt reduction"
freedom.gov
White House Meeting is Opportunity to Lock in Debt Relief
September 12, 2000
Transcript of Armey Remarks on Status of Budget Negotiations
House Majority Leader Dick Armey made the following comments in anticipation of today's White House meeting between the president and Congressional leaders:
The hard work and innovation of the American people, combined with fiscal restraint in Washington, has created an enormous budget surplus in Washington. This Congress has taken this historic opportunity to turn around the ship of state, ending the era of deficits as far as the eye could see, and instead charting a path to pay off the public debt.
Last year we stopped the 30-year raid on Social Security, ensuring that the Social Security surplus will no longer be spent on government programs that have nothing to do with retirement security. This year, we went further, locking away the Medicare surplus as well. But we can do even better than that. The surplus is large enough this year that we can devote even more to paying off the debt. I hope to include some debt reduction in every appropriations conference report this fall. Today we will ask the president to join us is committing 90 percent of the 2001 surplus to debt reduction.
The remaining 10 percent of the surplus should be used for America's priorities: tax fairness, retirement security, education reform and a stronger national defense. I hope the president shares our enthusiasm and seizes this opportunity to rid our children of the burden of debt.
I also hope that today we can agree that we must provide assistance quickly to seniors who need help paying for prescription drugs, and we must do it without forcing seniors who have coverage to give up what they have.
Finally, I look forward to discussing with the president the need to put education decisions in the hands of the people who work with our children every day. Teachers and local school officials know whether their schools need building repairs, new computers, more teachers, or other resources. As we completed the budget last year, we provided unprecedented flexibility for local school officials to direct resources where they see needs. I hope we can continue moving away from the one-size-fits-all policies driven by bureaucrats in Washington who've never visited most of our school districts.
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