Nick Smith

Now, the little young tots in that family of four are going to be obligated to account for that money later on in their lives. No. 1, it is immoral. No. 2, balancing the budget is going to strengthen the economy.

Let me show you where that is on this little pie chart. That is the little red section on this pie chart that represents the 12 appropriation bills other than the defense appropriation bills. This is where Congress has control. If we do…

The blue part represents these welfare entitlement programs. A majority of Congress cannot reduce these programs and change spending without the consent of the President, and the President has now vetoed changes in the Food Stamp Program…

They say, ``Look, you've got to do better than this.'' Is it not sad that we cannot get some of the liberals, the President of the United States, to say, Yes, we are going to do the right for the future and we are going to stop playing…

Just to pay their share of the interest. It is time everybody, that is, however you want to put it, you are a young man relatively, I would say to the gentleman from Connecticut [Mr. Shays], but everybody had better start looking at what…

So what we have said is such things as a child born today is going to have to pay $187,000 in their lifetime just to pay their share of the interest on the national debt.

If we say that all of the other taxpayers of the United States should contribute to help solve this problem, then it seems reasonable that all of the needs that are going to be considered for environmental cleanup be considered with the…

Let me just say that I asked the Congressional Research Service whether Secretary Rubin could legally withhold trust funds. They said their first review of the law said, no, it would be illegal to withhold trust fund payments for any trust…

I think we should mention that the President has now vetoed two debt limit increases. There is not a Member on this floor that has ever voted for a clean debt limit increase. I pause, because is it not sad that they are doing so much…

There are two numbers that I think the American people and all of us should remember about the President's budget. One number is $300 billion, one number is $200 billion. He spends $300 billion more than Republicans. He increases or has…

I wanted you to know, it is not totally perfected yet. It is a continuing resolution. My understanding is it will go to March 15. It takes those appropriation bills the President has vetoed. It reinstates some of that funding to give the…

I think it would be good for all of us to review exactly where we have been in debt extensions: Since 1980, H.R. 7428, a debt extension with increases in the import fee. In 1985, H.R. 3721, a debt ceiling increase with an increase in the…

Let me tell you what has happened in the U.S. Congress, as I observe it, and that is Members traditionally members of the Committee on Economic and Educational Opportunities that wanted to spend more money on education, say, ``I want to be…

I would like to ask a test question. Mr. Speaker, I would like to ask the question to the American people to give me your best guess, of all of the money lent out in the United States last year, how much of that money do you think was…

In 1917, Congress was passing on every borrowing, so they would agree who we were going to borrow money from and on the interest rate. In 1917 what they said was, ``OK, from now on we are going to set a debt ceiling. You can continue to…

I would hope we can use part of this hour to talk about some of the other crazy things that are happening in the Federal Government, but it seems to me the fact is that there is no dollar savings as we look at revitalizing Medicare in this…

You know, the President has even said as we look at the Medicare B provisions, he--this is--what he expects recipients to pay for their share of the premium ends up to be $7 less than what the Republican proposal is, so we have $7-a-month…

Well, you know, it is only partisan for those individuals that think they have a target to shoot down something, to criticize rather than being constructive to help develop the best solutions to save, preserve, and keep Medicare available…

The House has done very well. Now we need to finalize our ambitions, get these bills enacted into law. You know, it should be frightening to everybody in this country, how big this Government has gown to be. After World War II, in 1947, we…

Although there is stiff competition for the title, 'Dumbest Thing the Government is Doing,' a leading candidate is the government's refusal to repeal the Davis-Bacon Act. Davis-Bacon is not outdated; it never made sense. From the outset…

For example, electricians in Philadelphia average $15.76 per hour on private contracts, but the prevailing wage for them is $37.97. There are many similar examples, as you point out.

Most economists that appeared before our Committee on the Budget agreed that increasing taxes is not the way to balance the budget if we want to stimulate job growth in this country. And as everybody knows, or should know, 2 years ago in…

We are actually starting to pay back some of this huge, gigantic, $6 trillion debt that the kids and grandkids are going to owe at that time if we do not change.

Yes, and I think the important point is, we cannot place our businesses at a competitive disadvantage with other businesses in the world. We have got to encourage them to buy the equipment and machinery that is going to make their…

They increase their price of toys and toothbrushes and automobiles and everything else. The only thing that that business can do is pass on that cost.