Ed Royce: “the reason we are fighting for a balanced budget is that it will allow young working families to save more of the money…”

“the reason we are fighting for a balanced budget is that it will allow young working families to save more of the money that they earn. It will boost the economy. It will increase their wages. The problem with the Clinton budget is that it taxes more and it spends more. And the problem with the Clinton budget is that it simply does not balance. It increases the deficit next year, and even more the year after that. That means more money out of the taxpayers' pockets. Our GOP budget ends three decades of reckless deficit spending and stops forcing our children to pay our bills. Currently, the Federal Government taxes and spends on programs that in many cases simply are not effective, and that is why we provide tax relief. That is why we reform welfare. That is why we are shifting power and money and influence out of Washington and giving it back to the people whose taxes it was paid with. For example, in this budget we terminate the Department of Energy and the Department of Commerce, chronically mismanaged agencies. We eliminate or privatize 130 wasteful or unnecessary Federal programs, saving more than $34 billion over 6 years. The Republican budget cuts corporate welfare, it implements the FAIR Act, taking us away from a command-control Federal farm program, and leading us back toward a more purely based market-based farm system. Last, Mr. Chairman, President Clinton's budget plan avoids making the hard choices.…”