Some of us came in 1993 and really believed that we had to control the growth in spending. Actually, the gentleman has other charts, probably back in the office, but they show that if we would have just for a number of years controlled the growth of Federal spending, kept it down to the 2 percent level, grown it at the rate of inflation, we probably would have reached a surplus budget a long time ago. But the people in Washington just could not control their desire to spend. So we went back up to 3.5, 4 percent and there we go. We are working off a big number. When we are talking about increasing spending by 3.5 to 4 percent we are talking not about $100; we are talking about increasing a number that is $1.6 trillion. So the difference between a 2 percent growth rate and a 4 percent growth rate is real money.
On the recordSeptember 10, 1998
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govinfo.govEditor's note · Context
Discussing federal spending growth and its impact on the budget.
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