This will mean lower interest rates for homebuyers, lower student loans for those attending school and lower car payments for families. Paying off the public debt helps everyone in America. The economy is quite healthy right now and unemployment is historically low. Gibbons believes this is the time to pay down the debt. When we have the means to pay the bills, we should jump at the opportunity.
Gibbons says the winners in debt reduction are our children and grandchildren.
If Congress kept the old, Washington mentality that has been used for over 30 years where bureaucrats spent more than they raised, we would be in very bad shape. Instead, Gibbons and his Republicans have been proactive in working to secure America's future. We should not pass debt onto our children and grandchildren. We should not hand them our mistakes. The budget that Congress passed, and the Debt Reduction Reconciliation Act of 2000, will put our country on the right track to fiscal restraint, continued prosperity and an America where new generations will work from a debt-free, balanced checkbook.