51. It actually took considerable pressure from the White House to get House Republicans to vote to raise the statutory ceiling on federal debt. 52. It does not affect interest payments on the federal debt. 53. It calls for a series of cuts in individual income tax rates, but would delay the cuts if the interest expense on the federal debt rose. 54. It has hesitated to use that authority because of resistance from the Bundesbank, which advises on and handles federal debt sales. 55. It could be the answer to erasing the federal debt. 56. John argued that proposals to pay down the federal debt have little relationship to the viability of the trust funds. 57. Just a few years ago, interest costs on the federal debt were nearly as large as the defense budget and were themselves a major source of deficit spending. 58. Key to the strategy will be the inclusion of a hike in the federal debt ceiling, without which the federal government will be unable to pay its bills. 59. Like Perot, Lamm often derides congressional spending and the federal debt. 60. McCain says he is the true conservative for committing more dollars to paying off the federal debt. |