On the recordJanuary 31, 1996
there is a lot of revisionist history going on here on the other side. First let us understand something. The demand was that the President would submit a 7-year CBO-scored balanced budget. The Republicans came saying, ``He won't do it, he won't do it.'' He did it. They called off the negotiations. Apparently they were not serious about that. They spent 50 hours at the White House. The leaders of the legislative branch, Senator Dole, Speaker Gingrich, and the President of the United States, first time in history, high-level negotiations, at the 50-hour point after conferring on a number of topics, the President put down a budget that was CBO-scored, 7 years, balanced the budget, and the Republicans said the meetings are off. Why did they do that? Because apparently they cannot stand success. So now they want to up the ante, and what they want to suggest is what they are now prepared to do is to jeopardize the credit rating of the United States of America, to put this Government into default, and to potentially cost American families billions of dollars because they want to play fast and loose with the debt of this country and the debt limit. They should not be allowed to do that. They should not be allowed to cost the American people billions of dollars by leaving town tomorrow.…
Source
govinfo.gov




