when President Clinton unveiled his 1995 budget plan yesterday, Republicans offered their cooperation to help the President cut unnecessary Government spending. Today, we are putting our money where our mouth is, and offering 50 billion reasons to reduce the deficit and improve Government performance. Joined by 16 of my colleagues--and I extend an invitation to every Senator in the Chamber and in their offices to take a look at this plan--we are introducing a 50-point plan to cut Federal spending by $50 billion during the next 5 years, a plan that includes ideas from the Vice President's National Performance Review, the so-called Penny-Kasich plan, and the nonpartisan organization--Citizens Against Government Waste. We have tried to take the best of a number of plans, including some of our own ideas, to put together this 50-point plan. It is not a partisan effort. I hope my Democratic colleagues will have an opportunity to take a look at it. This is not intended to be a comprehensive budget alternative. But the 50-50 plan is a step toward even lower deficits, a step the President did not take by shifting Federal dollars to new programs. When it comes to cutting the deficit, Republicans believe that the best way--the only way--to get the deficit under control and improve the prospects for long-term economic growth is to cut Federal spending.
Bob Dole: “when President Clinton unveiled his 1995 budget plan yesterday, Republicans offered their cooperation to help the…”
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The speaker discusses a bipartisan plan to cut federal spending and reduce the deficit.
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