Testimonies and Speeches
The NCPA has a highly effective office in Washington, D.C. that sponsors Capitol Hill briefings, conferences and testimony by NCPA experts before congressional committees. The NCPA serves as a source of "outside the Beltway" thinking for Capitol Hill deliberations.
Feb 14, 2002
Mr. Chairman, thank you for the opportunity to testify this morning on the question of raising the debt ceiling. I would like to make three main points. First, the debt subject to limit is a declining portion of the federal government's total indebtedness. Second, the debt held by the public is a declining portion of the debt subject to limit. And third, there is no evidence that changes in any measure of debt have a significant impact on interest rates.