Political Quotes

“It is this year, I would say to my friend, we are going to spend about $257 billion. The President's people made a great thing about the fact that he was adding $2 billion to his glidepath. So it was 255. It is going to 257. And the gentleman is right. That is down almost $40 billion from what it was in 1991. But let me put it another way: If you look at what we spent in 1988, the last year of the Reagan administration, and really we had the highest spending level in 1985, but if you look at what we spent in 1988, in real dollars, that means not adding inflation or adding inflation each year, in real dollars, and you compare that to what we will spend in 1998, that is 2 years from now on this glidepath that President Clinton has taken us on, the annual budget in 1998 will be $100 billion less than it was 10 years ago. That is the annual budget. So when President Clinton stands up and talks about how he is taking a knife to all these programs across the board, you have to understand that actually almost all of his cuts, real cuts are coming out of national defense.”