On the recordMarch 1, 1994
I plan to vote in favor of the Reid balanced budget amendment and against the Simon version. When I was elected to the U.S. Senate about a year ago, I pledged to make my primary focus economic recovery for my State. Economic recovery that is steady, strong and consistent. Economic recovery that builds a solid base for California's future. That economic recovery can only move forward if we have real deficit reduction; low-interest rates that stimulate private investment in business and homes; public sector investment in education, economic conversion, and the information highway; expanded trade opportunities; health care reform; and Federal reimbursement to the States for such costs as immigration. We are on course with this President and this Congress. Last year we enacted a $500 billion deficit reduction plan that will bring down the deficit from 4.9 percent of gross domestic product in 1992 to 2.3 percent of gross domestic product in 1998. A plan that is having a positive impact on our economy.
Source
govinfo.gov




