THE WHITE HOUSE
Office of the Press Secretary ________________________________________________________________________ For Immediate Release January 27, 2000
BUILDING ON RECORD OF FISCAL DISCIPLINE, PRESIDENT CLINTON ANNOUNCES
2001 BUDGET WILL PAY DOWN DEBT BY 2013 -- TWO YEARS EARLIER THAN
PLANNED
January 27, 2000
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Actually this will be the dawn of socialism.
After paying down debt the Gov will begin purchasing financial assets, in anticipation of the financing needs of Social Security/Medicare.
EStimates of this scenario can be found in last year's budget books and this year's report from the Congressional Budget Office.
mbs