On the recordMay 15, 1996
What we all can agree to that is truly excessive here in Washington is the size of the Federal debt and the size of the Government. We have got over $5 trillion in debt and a government that takes up 22 percent of the overall economy of the country. We just think the debt is too big, it has got to be smaller for our kids, and we think the Government is too big and it needs to be smaller so that we can carry it. To put a little meat on the bones factually, the Joint Economic Committee says that if we can cut the size of government, if we can cut it slightly, get it from 22 percent of the economy to even around 19 percent of the economy, we will create a growth rate in this country that is double the current growth rate. We are going to create jobs, better jobs at higher wages, so not only do we get the size of government down, not only do we shrink the overall deficit, not only do we get to balance over a period of 6 years but we are going to create jobs, we are going to create growth in the economy. This is a win all the way around. I would like to report to the American people, if they do not know, we have hit our first-year balanced budget targets.
Source
govinfo.gov




