Jane Harman: “the fiscal year 1995 budget that President Clinton sent to the Congress yesterday reflects the tough fiscal choices that…”

“the fiscal year 1995 budget that President Clinton sent to the Congress yesterday reflects the tough fiscal choices that the Congress made last year. The President has slated over 100 programs for complete elimination, and I think the Congress has an obligation to match or exceed that level of budget discipline. I was particularly pleased to see the revenue increase and spending reductions credited to the deficit reduction trust fund. As one of the coauthors of the trust fund during the budget deliberations last summer, I viewed it as vital to ensuring that budget savings went to deficit reduction--not new spending. The fiscal year 1995 budget shows what this means: The deficit was reduced by $46.7 billion in fiscal year 1994 and will go down another $82.7 billion in fiscal year 1995. There will be a cumulative total of $504.8 billion in deficit reduction by fiscal year 1998. My constituents have demanded real spending cuts and deficit reduction, and it is finally happening.”