On the recordJuly 23, 1997
we have heard the scare tactics they talked about earlier. We heard about Social Security and maybe there will not be increases in Social Security. We heard about possible cuts in the veterans' programs. We heard that tax reductions will not go into place. What has happened because of what Congress has done over many decades now? We have had this tremendous deficit adding to the debt of the United States. About 16 percent of the cost of the budget goes to pay the interest on the debt of the United States of America. We have had tax increases because of that. We have to make changes. We need the budget enforcement. The budget enforcement bill provides that if there is a problem in terms of getting to where we need to be over those 5 years that we, the Congress, can waive the caps, that we, the Congress, can make programmatic changes, all of which we would do to protect Social Security or the veterans or the tax reductions; or we could do nothing and by sequestration it would be resolved. I do not think that is going to happen. I think these are scare tactics. I believe that, if we believe that we should balance the budget of the United States of America, that we have to do more than just say that, we have to have a budget enforcement mechanism; and that is what this legislation is. Vote ``yes'' today.
Source
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