nearly three decades of federal budget deficits have taken their toll on our nation's economy and America's working families. But today, we continue our efforts to produce a balanced budget. Rarely do compromises produce all the results or protect all the causes that one side would champion. This plan does not. However, it is a good step forward. It will control the size and scope of the federal government and provide necessary services while at the same time allowing our children to look to their future instead of looking back at our debt. One way or another, this Congress has been determined to have a budget agreement enacted that will eliminate the national debt, reduce wasteful spending, provide a smaller federal government, and reduce the burden of taxation and regulation that have had a strangle-hold on this nation's households and businesses. We must continue to work towards a government that is more responsible, more effective, and a better manager of the people's money. However, for the first time since 1969, we will not ask if we will balance the budget, but answer when we will balance the budget If we are successful in our endeavor to balance the budget, we will be handing our children and our grandchildren the American dream, not the American debt. And for today's working families, this balanced budget plan will help ensure a strong economy, more jobs, lower interest rates and badly needed tax relief.
Editor's note · Context
Discussing the importance of a balanced budget and its impact on the economy and future generations.
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