On the recordMay 14, 1993
Well, I ask them, first of all, to look at the 5 year budget. The enormous squeeze on domestic spending including investment spending began 12 years ago. I can't turn it around overnight. I asked them to look at the 5 year budget and look at it in light of the fact that the deficit numbers were revised upward after the election by $50 billion a year in 3 of the next 4 years. And I ask them also to consider this: Until we can prove that we have the discipline to control our budget, I don't think we'll have the elbow room necessary to have the kind of targeted investments we need. I think the more we do budget control, the more we'll be free to then be very sharply discriminating in investing in those things which actually do create jobs. I don't think we have any other option at this time. Attitudes Toward Change
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