let's see if I have this straight. We are supposed to be impressed that the Government is not going to spend more money than it has. We are supposed to rejoice that Government is not going to make our $5 trillion national debt any worse. I am supposed to brag to my constituents that Washington is finally going to balance the budget. Well, Mr. Speaker, by Washington standards, a balanced budget is a cause for celebration. Balancing the budget should not be a big deal, it should not be treated as some great achievement, but I must say after 30 years of an ever-expanding welfare state, balancing the budget is no mean feat. Balancing the budget, which to millions of Americans is nothing but common sense, is extraordinary in a town that has seen budget deficits since 1969. This new balanced budget agreement is proof of two things. First, the new Republican Congress is serious about its pledge to make Government live within its means; and second, deficit spending does not have to be a way of life. That is a cause for celebration.
On the recordMay 13, 1997
Source
govinfo.govEditor's note · Context
Discussing the significance of a balanced budget agreement during a speech on the House floor.
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