Mr. Speaker. the secret password in Washington these days is "reform." We have tax reform. military reform. immigration reform. and foreign policy reform. Yet there does seem to be one thing that remains. one consistency here. one constant. and that Is that. despite all these reforms. we still may have a large. large deficit. We are talking about a $200 billion deficit now. and my colleagues believe that a large portion of that figure. that is. the interest on the public debt. is out of their hands. Mr. Speaker. this may not be the case. We can. in fact. address the interest problem by something which may seem novel. by indexing the national debt in order to reduce the inflationary expectation component of the cost of borrowing.
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immigration