Just think for a minute where we were 3 years ago. Three years ago we had half of this Chamber saying that it is reasonable to borrow more money for "investment spending." It is reasonable to increase taxes to assure Government services. What has happened in the last 3 years is we have totally reframed the debate here in Washington, DC. Almost everybody now is saying, yes, it is reasonable to stop borrowing, to stop spending the money that our kids and our grandkids have not even earned yet. It was only 2 years and four months ago that the President sent us a budget that had a $200 billion deficit, not only for the next year but as far into the future as we could see. I think we all need to remind ourselves what our real goals are--not reelection, not popularity, but what is going to be good for the working men and women and the families of America. But I think when some start suggesting that the tax increase of 1993 is the reason the deficit has gone down, it is misleading the American people and it is going against most economic philosophy.
Editor's note · Context
Discussing fiscal responsibility and the changing views on government spending and taxation.
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