Political Quotes

“Mr. Speaker, in the 11 years I have been in Congress to receive Presidential budgets, this budget is the best received I have ever seen by our colleagues. And there is good reason for that. The track record of the Clinton administration has been excellent in reducing the deficit. It is the first administration in recent times that had 4 years in a row in reducing the deficit. It has submitted a budget that balances in the year 2002, according to OMB projections. There is a disagreement between CBO and OMB. Why do we not look at the track record and look at the past 4 years? In the past 4 years, OMB has been more accurate than CBO. The deficits have actually been smaller than we thought they were going to be. The President's has been more accurate. The President goes one step further. He says if his economic projections are wrong, he puts an enforcement mechanism in his budget that guarantees us a balanced budget by the year 2002. That is why the gentleman from Washington is correct when he says that Dr. O'Neill has said that the President's budget will have a zero deficit in the year 2002.”