Rep. Schweikert Re-Introduces Legislation to Help Responsibly Manage Our Debt
November 14, 2019
November 14, 2019
WASHINGTON, Nov. 14 -- Rep. David Schweikert, R-Arizona, has issued the following news release:
Today, Congressman David Schweikert (AZ-06) re-introduced H.R. 5083, the Debt Ceiling Alternative Act, which would help responsibly manage the debt once the federal government reaches its borrowing limit. Once enacted, this bill would require the Treasury Secretary to issue bonds linked to U.S. Gross Domestic Product, called 'trills', to pay the principal and interest on the public debt. . . .
Today, Congressman David Schweikert (AZ-06) re-introduced H.R. 5083, the Debt Ceiling Alternative Act, which would help responsibly manage the debt once the federal government reaches its borrowing limit. Once enacted, this bill would require the Treasury Secretary to issue bonds linked to U.S. Gross Domestic Product, called 'trills', to pay the principal and interest on the public debt. . . .