On the recordMay 16, 1996
I say to my colleague from California, I believe it has, and promises were made in terms of cutting the deficit in half. Those are real numbers. The CBO, the Congressional Budget Office, says they are real numbers. So here is the deficit coming down, job creation is going up, and my colleagues on the other side are treating this like bad news, as if this was some dreadful information. If we are on the right track, if things are working right, why do you not stick with the plan and the program here so that you have a healthy balance--investment in education, investment in our environment, cutting back our spending where we can, trying to have some sense of fairness about all of this so we move into the 21st century as a healthy nation. Today, of the G-7 countries, we are the healthiest economy. We are the healthiest economy of all the great economic powers in the world. We are the healthiest today in terms of job creation and deficit reduction. Why are our markets responding the way they are? The people on Wall Street are not making those investments because they want to help Bill Clinton get reelected. It is not because they are Democrats. They are making cold, hard financial decisions: Are we heading in the right direction or the wrong direction? They are investing because they think things are going in the right direction. It is their money they are putting on the table, and they like the trend lines they see: the deficit coming down, job creation going up.
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