This budget is an automatic pilot budget--and the second installment of the massive tax increases and spending plan narrowly adopted by the Congress last summer. In the Senate-passed budget, a $26 billion spending cut was adopted. This was a small step in the right direction. But, alas, after the conference with the House, only a $13 billion cut survived. That boils down to a half a billion dollar cut in the 1995 budget. Not much, considering the base from which we start. In a $1.5 trillion-plus Federal budget only $500 million will be cut. This is a far cry from President Clinton's campaign promises of slashing the deficit in half. I strongly disagree with President Clinton's decision not to fight for any deficit reduction this year. A deficit of over $175 billion in 1995, and over $200 billion in 1999 in the Democrats' budget is woefully unacceptable to the American public and, therefore, unacceptable to me. Many grassroots citizen groups... have tried to impress upon the Congress and the President that action is needed to reduce the deficit through meaningful and lasting spending reductions. American families are forced to balance their budgets every day and so should the Federal Government.
Editor's note · Context
Addressing the fiscal year 1995 budget resolution and its implications for deficit reduction.
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