Gilbert Gutknecht: “let us look back at where we were just four short years ago. Deficits…”

On the recordOctober 15, 1998

let us look back at where we were just four short years ago. Deficits were headed up to $300 billion. Millions of Americans were being trapped in a welfare cycle. Medicare was headed towards bankruptcy, and that was threatening seniors' health care. Billions were being wasted on Washington programs that were unnecessary or ineffective. Interest rates were too high, and our economy was teetering, and taxes on families were going up and up and up. Mr. Speaker, let us look at where we are today. Deficits no longer exist. We have balanced the budget. We have taken 2 million families off of welfare rolls and put them on payrolls. Medicare is solvent. Three hundred programs have been eliminated here in Washington. Interest rates have dropped by over 2 percent, and taxes on families is going down. Mr. Speaker, what a difference a Republican Congress has made.

Said by

Gilbert Gutknecht

Republican · Minnesota

Source

govinfo.gov

Editor's note · Context

Discussing the economic changes and welfare reform over the past four years.

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Gilbert Gutknecht: “let us look back at where we were just four short years ago. Deficits were headed up to $300 billion. Millions of…”

Editor's note · Context