On the recordMarch 25, 2004
The 1993 budget reduced the deficit and cut taxes. And it cut taxes on working families who needed it most and put our priorities and our fiscal house in order. The 1997 balanced budget built on the shoulders of the 1993 budget, balanced the budget and cut taxes. It was the first time the $500 per-child tax cut was introduced. It was targeted tax cuts to working families. This budget that you have guarantees and locks in deficits as far as the eye can see, and every budget that has been introduced by the Republicans and President Bush has guaranteed us the largest deficit and national debt ever in the history of this country. And that is the difference. Not every tax cut is good and not every tax cut is bad, but the tax cuts you have chosen have laden the economy with the largest debt and the largest deficit in the history of the economy. That is what Ronald Reagan used to say, 'Facts are stubborn things.'
Source
govinfo.gov
