On the recordMarch 17, 1994
a balanced budget is the best way to insure the future economic prosperity of the United States; it is a long-term solution to a long-term problem. Congress is full of pork-barrelers and recreants who cannot restrain their proclivity to spend. A balanced budget limits the powers of Government and brings stability to the budget-making process. Deficits are not a short-term trend. The Federal Government has run a deficit for 56 of the last 64 years, and the last 24 years in a row. Congress has tried to change its free-spending ways, but countless 'budget deals' have not done a thing. Eliminating the deficit is one of the most urgent priorities facing the country. We can't begin to tackle our near $5 trillion national debt until the Federal budget runs a surplus. And unless we begin to repay our debt soon, this country will be headed for a deep and prolonged economic crisis.
Source
govinfo.gov




