On the recordJune 30, 1999
ask a liberal what he would do to get rid of the budget deficit, and he or she will say: Raise taxes. Ask a conservative the same question, and he or she will say: Cut spending. That in a nutshell is how we got from a huge budget deficit to the current budget surplus we now enjoy. President Clinton choose the liberal way when he raised taxes in 1993, the largest tax increase in history. Republicans took over the majority in Congress in 1995 and have tried to cut spending and limit the amount of new big government spending programs proposed by the liberals. Two different visions, two different paths to achieve the common goal of a balanced budget. Republicans forced the President to submit a balanced budget after his first two budgets contained $200 billion deficits as far as the eye can see. We are grateful that the President finally agreed to work with Republicans to put our financial house in order. Lower mortgage interest rates, lower credit card payments and more job creation have resulted from the change from budget deficits to budget surplus. Good fiscal discipline will help save Social Security and Medicare.
Source
govinfo.gov




