Political Quotes

On the recordMarch 22, 1996
I think we should sort of start with positive news, and the good news is that the President gave us a budget that balances in 7 years. Mr. Speaker, I was trying to remember what was happening just 2 years ago, what the Democrats, what the liberals, what the tax and spend people were saying. I looked up in the Committee on the Budget records of what Leon Panetta said. He said that we are heading toward down as low as a $70 billion deficit, or overspending, by the year 2003, and that is where we should be. The good news is that we have changed the debate in Washington. Now everybody is saying yes, we need a balanced budget. It is the right thing to do for the economy. It is the right thing to do as far as our kids and our grandkids. I think it is interesting to note in the President's budget that he has $234 billion more taxes than the Republican proposal. He has $357 billion more spending than the Republican proposal. It tends to be tax and spend. It is balanced. Although President Clinton often says there is not a government program for every problem, he has incorporated most government Washington solutions in his budget.
Said by
Nick Smith
Republican · Michigan

Editor's note · Context

Discussing the President's budget and its implications for the economy.

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