Daniel Schaefer: “President Clinton may be content with a deficit of only $170 billion next year, but the taxpayers are not. To put…”

“President Clinton may be content with a deficit of only $170 billion next year, but the taxpayers are not. To put Congress on the path toward a balanced budget, I have offered a substitute amendment to the budget resolution that orders another round of deficit reduction, under a reconciliation process. The Schaefer substitute orders House committees to find $560 billion in savings over the next 5 years--without tax increases. My substitute is the only budget resolution that has the strong enforcement mechanism needed to achieve substantial savings. Best of all, the reconciliation bill is already written: H.R. 3958, the Fiscal Responsibility Act of 1994. This bipartisan package of 150 spending cuts, which I introduced last week, specifies line-by-line, program-by-program, how to achieve the savings required by the Schaefer budget substitute. I encourage my colleagues to support real deficit reduction by voting for the Schaefer substitute.”