On the recordApril 4, 1995
I think my colleague from Wyoming makes an excellent point that I would like to speak to, and that is the issue of the balanced budget, of getting rid of our Federal budget deficit and balancing the budget has more than an economic dimension to it. It is really a matter of the future of our children and grandchildren, it is a matter of right and wrong and what we ought to be doing as a society. Bill Bennett, who is the former Secretary of Education, testified before the Senate Budget Committee recently, and he said this: We have created a nanny state that takes too much from us in order to do too much for us. This has created inefficiency, sapped individual responsibility and intruded on personal liberty. Mr. President, that, as much as the economic consequences of our lack of fiscal discipline, is what this debate about balancing the Federal budget is all about. The bigger the Government gets, the more taxes it needs. The more revenue it takes, the less American families are able to provide for themselves, and that brings dependency on the Government. And the cycle continues: More spending, more taxes, a weaker economy, and ultimately more dependency on the Government. The net result of that is a change in the personality of America, literally.…
Source
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