Todd Tiahrt: “I remember during the 1992 Presidential campaign when Bill Clinton promised he would balance the budget in 5 years. As…”

“I remember during the 1992 Presidential campaign when Bill Clinton promised he would balance the budget in 5 years. As the campaign wore on, he said ``We will just cut it in half.'' Now, however, the President has decided to throw in the towel on deficit reduction, saying we should not even balance the budget by 2002. That is just not another line of long broken promises. It is a betrayal of our children's future. They will pay the price if we do not balance the budget. They will pay the price for this fiscal irresponsibility. Unless we take steps now to balance the budget, our children will look forward to higher taxes, as much as 82 percent of their income; higher interest rates; fewer opportunities; a lower standard of living. Mr. Speaker, we will have to balance the budget soon. We will do it for our children; we will have to do it for our grandchildren. We will fight to see that they will not be the only generation that has a lower standard of living than their parents. Mr. Speaker, we should save our children by balancing the budget.”