October 21, 2014

Speaker Looks to Create Bond Between Drilling, Highway Fund

October 19, 2011
Congressional Quarterly

Excerpt

But the use of borrowed money might run afoul of conservatives who waged a fierce battle this summer over raising the government’s borrowing authority. Robert Bixby, executive director of the Concord Coalition, a conservative fiscal group, said leaders would need to show that the bonds have a “credible payback plan” and explain how they planned to avert an increase in the deficit or the debt.

“It might sound inconsistent to the members who fought a debt limit increase. They would have to explain why this new debt should not count as new debt,” Bixby said.