That is right, and we are debating, along with the 3 trillion new dollars versus the 4 trillion new dollars, we are debating the role of government and releasing power out of the hands of Washington bureaucrats and empowering citizens, friends and neighbors, and putting it on the streets and in the cities and counties all across America. The benefits of what we are doing, if we can balance the budget in 7 years, as Alan Greenspan said, interest rates will go down. If interest rates go down, we will have lower home mortgages, lower student loans, lower car payments, but probably most importantly is that we will have more jobs and more prosperity in the economy. Now, this is a very difficult process. We are going to go through with it. As we started out saying earlier, we believe that it is time. It is timely to get the Federal Government employees back to work. We want to pay those folks who are working. We want to get the ones who are not working back on the job, and we think that is the right thing to do.
Jack Kingston: “That is right, and we are debating, along with the 3 trillion new dollars versus the 4 trillion new dollars, we are…”
On the recordJanuary 4, 1996
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govinfo.govEditor's note · Context
Discussing the importance of a balanced budget and its impact on the economy.
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