Political Quotes

On the recordMarch 3, 1999
In 1995, Republicans took the majority in this House, the U.S. House of Representatives. After being a minority for 40 years, we came in quite aggressively trying to promote the philosophy on what we thought was going to be good for our future and for our kids and our grandkids. We decided, with a great deal of determination, that we were going to balance the budget. We cut out $70 billion of projected spending that first year, in 1995. We pledged among ourselves that we were going to be very frugal in cutting down the size of this government in order to balance our budget, in order to not pass on the debt of this country to our kids and our grandkids. I am a farmer. Where we grew up in Addison, Michigan, our goal was to pay off the farm so we could leave the farm to our kids, so they had a better chance of making it and surviving. We should do the same thing as a country. We were successful. The only reason that we went from a $300 billion deficit projected for as far as we could see, $200 billion on out, was that we became very frugal in slowing down the increase in spending. Now we have succeeded. We have an overall unified budget surplus.
Said by
Nick Smith
Republican · Michigan

Editor's note · Context

Discussing the Republican efforts to balance the federal budget after gaining majority in the House.

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